https://www.taxtmi.com/caselaws?id=444147 The Tribunal upheld the decision of the Ld. CIT(A) in a tax case involving treatment of cash payments, applicability of Section 115BBE for undisclosed income taxation, and eligibility for telescoping benefit under IDS 2016. The Revenue's appeal was dismissed as it failed to prove that the cash payments were unexplained or that Section 115BBE applied. The Tribunal also supported the Ld. CIT(A)'s decision to allow the telescoping benefit, ultimately dismissing the Revenue's appeal and the assessee's Cross Objection. en-us Thu, 10 Aug 2023 00:00:00 +0530 Tue, 10 Oct 2023 08:30:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=444147 The Tribunal upheld the decision of the Ld. CIT(A) in a tax case involving treatment of cash payments, applicability of Section 115BBE for undisclosed income taxation, and eligibility for telescoping benefit under IDS 2016. The Revenue's appeal was dismissed as it failed to prove that the cash payments were unexplained or that Section 115BBE applied. The Tribunal also supported the Ld. CIT(A)'s decision to allow the telescoping benefit, ultimately dismissing the Revenue's appeal and the assessee's Cross Objection. Case-Laws Income Tax Thu, 10 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=444147