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<h1>High Court overturns Tribunal decision, orders reassessment under new tax law provision.</h1> The High Court of Madras set aside the Tribunal's order and remitted the issue back to the assessing officer for reassessment in accordance with a new ... - The High Court of Madras set aside the Tribunal's order regarding the addition of notional profit to the value of paper consumed in a works contract. The Court remitted the issue back to the assessing officer to re-do the assessment in accordance with the new provision under section 3-B of the Tamil Nadu General Sales Tax Act, 1959. The tax case revision filed by the department was allowed.
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