https://www.taxtmi.com/caselaws?id=765676 The ITAT Bangalore ruled in favor of the assessee on multiple issues. The tribunal held that Section 153C notices were invalid following HC precedent, rendering the AO's assessment order dated 31.12.2019 non-existent after being quashed by the HC. Consequently, Section 154 rectification orders became void. The tribunal directed that cash seized from assessee's premises be treated as advance tax payment per assessee's request, as the HC had determined the cash belonged to the assessee and revenue accepted it as tax payment. Regarding PF/ESI contributions paid beyond due dates, the tribunal applied the SC's Checkmate judgment allowing such deductions. en-us Fri, 31 Jan 2025 00:00:00 +0530 Fri, 07 Feb 2025 08:38:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=765676 The ITAT Bangalore ruled in favor of the assessee on multiple issues. The tribunal held that Section 153C notices were invalid following HC precedent, rendering the AO's assessment order dated 31.12.2019 non-existent after being quashed by the HC. Consequently, Section 154 rectification orders became void. The tribunal directed that cash seized from assessee's premises be treated as advance tax payment per assessee's request, as the HC had determined the cash belonged to the assessee and revenue accepted it as tax payment. Regarding PF/ESI contributions paid beyond due dates, the tribunal applied the SC's Checkmate judgment allowing such deductions. Case-Laws Income Tax Fri, 31 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=765676