https://www.taxtmi.com/caselaws?id=62787 The Tribunal concluded that Section 144A could be applied retrospectively to assessments pending as of 1-1-1976, even for years commencing prior to that date. It held that the IAC's directions under Section 144A were valid despite being issued after the normal limitation period, as assessment proceedings were considered pending until finalized by the ITO. The Tribunal found no justification for setting aside the entire assessment, instead directing the deletion of income additions linked to the IAC's directions. The appeal was dismissed, with the Accountant Member partially allowing it by excluding additions made under Section 144A. en-us Tue, 07 Dec 1982 00:00:00 +0530 Fri, 21 Jan 2011 17:24:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62787 The Tribunal concluded that Section 144A could be applied retrospectively to assessments pending as of 1-1-1976, even for years commencing prior to that date. It held that the IAC's directions under Section 144A were valid despite being issued after the normal limitation period, as assessment proceedings were considered pending until finalized by the ITO. The Tribunal found no justification for setting aside the entire assessment, instead directing the deletion of income additions linked to the IAC's directions. The appeal was dismissed, with the Accountant Member partially allowing it by excluding additions made under Section 144A. Case-Laws Income Tax Tue, 07 Dec 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62787