https://www.taxtmi.com/caselaws?id=62529 The Appellate Tribunal allowed the appeals filed by the assessee, overturning the Commissioner's order and upholding the validity of the assessments for the assessment years 1984-85 and 1985-86. The judgment focused on the Commissioner's powers under section 263, the necessity of proper enquiries for cash credits, and the application of Circulars and legal precedents in assessment proceedings. Ultimately, the Tribunal found in favor of the assessee, emphasizing the importance of adherence to legal principles in tax assessments. en-us Tue, 17 Apr 1990 00:00:00 +0530 Thu, 20 Jan 2011 12:53:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62529 The Appellate Tribunal allowed the appeals filed by the assessee, overturning the Commissioner's order and upholding the validity of the assessments for the assessment years 1984-85 and 1985-86. The judgment focused on the Commissioner's powers under section 263, the necessity of proper enquiries for cash credits, and the application of Circulars and legal precedents in assessment proceedings. Ultimately, the Tribunal found in favor of the assessee, emphasizing the importance of adherence to legal principles in tax assessments. Case-Laws Income Tax Tue, 17 Apr 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62529