https://www.taxtmi.com/caselaws?id=770402 ITAT Raipur allowed the assessee's appeal, quashing the assessment order passed by ITO-3(3), Raipur due to absence of valid transfer order under section 127. The tribunal held that without proper jurisdiction transfer, the assessment cannot be sustained. Additionally, the addition of Rs. 3 lacs under section 68 for unexplained cash deposits was deleted as the AO failed to reject the books of account under section 145(3) despite the assessee providing explanation that deposits were from business sale receipts. en-us Tue, 08 Oct 2024 00:00:00 +0530 Sat, 10 May 2025 08:37:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=770402 ITAT Raipur allowed the assessee's appeal, quashing the assessment order passed by ITO-3(3), Raipur due to absence of valid transfer order under section 127. The tribunal held that without proper jurisdiction transfer, the assessment cannot be sustained. Additionally, the addition of Rs. 3 lacs under section 68 for unexplained cash deposits was deleted as the AO failed to reject the books of account under section 145(3) despite the assessee providing explanation that deposits were from business sale receipts. Case-Laws Income Tax Tue, 08 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=770402