https://www.taxtmi.com/caselaws?id=60228 The Tribunal determined that the assessee's appeal should succeed concerning the issues of Rs. 657 crores and Rs. 584 crores. The CIT's order under Section 263 of the IT Act was deemed invalid and void ab initio due to the lack of reasonable opportunity provided to the appellant and the baseless nature of the allegations. Consequently, the Tribunal quashed the CIT's order in its entirety, allowing the appeal in favor of the assessee. en-us Thu, 21 Jul 2005 00:00:00 +0530 Thu, 02 May 2024 13:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60228 The Tribunal determined that the assessee's appeal should succeed concerning the issues of Rs. 657 crores and Rs. 584 crores. The CIT's order under Section 263 of the IT Act was deemed invalid and void ab initio due to the lack of reasonable opportunity provided to the appellant and the baseless nature of the allegations. Consequently, the Tribunal quashed the CIT's order in its entirety, allowing the appeal in favor of the assessee. Case-Laws Income Tax Thu, 21 Jul 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60228