https://www.taxtmi.com/article/detailed?id=13373 The Revenue opened reassessment relying on the Justice M.B. Shah Commission report and alleged under invoicing, but the Assessing Officer neither rejected the assessee's audited books nor produced independent evidence; the Tribunal therefore held that additions could not be made solely on the tentative Commission report and deleted the addition. The High Court found no substantial question of law because the dispute turned on unchallenged factual findings and evidentiary insufficiency. The Supreme Court dismissed the SLP for low tax effect, and a subsequent MA invoking an administrative circular relied on exceptions applicable only to specified law enforcement agencies, not to inquiry commissions. en-us Wed, 22 Jan 2025 09:57:37 +0530 Wed, 22 Jan 2025 09:57:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=13373 The Revenue opened reassessment relying on the Justice M.B. Shah Commission report and alleged under invoicing, but the Assessing Officer neither rejected the assessee's audited books nor produced independent evidence; the Tribunal therefore held that additions could not be made solely on the tentative Commission report and deleted the addition. The High Court found no substantial question of law because the dispute turned on unchallenged factual findings and evidentiary insufficiency. The Supreme Court dismissed the SLP for low tax effect, and a subsequent MA invoking an administrative circular relied on exceptions applicable only to specified law enforcement agencies, not to inquiry commissions. Articles Income Tax Wed, 22 Jan 2025 09:57:37 +0530 https://www.taxtmi.com/article/detailed?id=13373