https://www.taxtmi.com/caselaws?id=770471 Tax Tribunal ruling addressing multiple procedural and substantive tax law issues. SC/Tribunal condoned 192-day appeal delay due to company's liquidation status and tax practitioner's failure to communicate. Rejected tax authority's reassessment proceedings under Section 147, finding the Rs. 2,60,00,000/- transaction was a loan assignment, not property sale. Deleted Section 68 addition, emphasizing tax authorities must exercise judicial discretion carefully and understand factual nuances before initiating proceedings. en-us Tue, 29 Apr 2025 00:00:00 +0530 Mon, 12 May 2025 09:01:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=770471 Tax Tribunal ruling addressing multiple procedural and substantive tax law issues. SC/Tribunal condoned 192-day appeal delay due to company's liquidation status and tax practitioner's failure to communicate. Rejected tax authority's reassessment proceedings under Section 147, finding the Rs. 2,60,00,000/- transaction was a loan assignment, not property sale. Deleted Section 68 addition, emphasizing tax authorities must exercise judicial discretion carefully and understand factual nuances before initiating proceedings. Case-Laws Income Tax Tue, 29 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=770471