https://www.taxtmi.com/caselaws?id=61198 The Tribunal overturned the CIT's order under section 263, annulling the registration orders for the assessment years 1976-77 and 1977-78. The Tribunal found the suspicion of subsequent insertion in the receipt register insufficient to support the Revenue's case, emphasizing the lack of substantial evidence. It questioned the basis of the CIT's decision, highlighting the absence of justification for alleged irregularities in the registration process. The Tribunal ruled in favor of the assessee, underscoring the necessity for proper assessment and substantial evidence before taking actions that could impact taxpayer rights and Revenue interests. en-us Thu, 24 Jun 1982 00:00:00 +0530 Tue, 11 Jan 2011 12:47:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=61198 The Tribunal overturned the CIT's order under section 263, annulling the registration orders for the assessment years 1976-77 and 1977-78. The Tribunal found the suspicion of subsequent insertion in the receipt register insufficient to support the Revenue's case, emphasizing the lack of substantial evidence. It questioned the basis of the CIT's decision, highlighting the absence of justification for alleged irregularities in the registration process. The Tribunal ruled in favor of the assessee, underscoring the necessity for proper assessment and substantial evidence before taking actions that could impact taxpayer rights and Revenue interests. Case-Laws Income Tax Thu, 24 Jun 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=61198