https://www.taxtmi.com/caselaws?id=61838 The Tribunal upheld the Commissioner's action under Section 263 of the Income-tax Act, setting aside the assessment order and directing a fresh assessment to be conducted. It was determined that the appellant was not the owner of the contraband goods, as per the findings of the Customs Department. The Tribunal emphasized the importance of thorough investigation, compliance with natural justice, and respecting the Customs Department's findings in Income-tax proceedings. The case was dismissed and remanded for a new assessment with proper opportunity for the appellant. en-us Fri, 04 Dec 1992 00:00:00 +0530 Sat, 15 Jan 2011 15:44:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=61838 The Tribunal upheld the Commissioner's action under Section 263 of the Income-tax Act, setting aside the assessment order and directing a fresh assessment to be conducted. It was determined that the appellant was not the owner of the contraband goods, as per the findings of the Customs Department. The Tribunal emphasized the importance of thorough investigation, compliance with natural justice, and respecting the Customs Department's findings in Income-tax proceedings. The case was dismissed and remanded for a new assessment with proper opportunity for the appellant. Case-Laws Income Tax Fri, 04 Dec 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=61838