https://www.taxtmi.com/caselaws?id=63390 The judgment upheld the Commissioner's decision to vacate the assessments for the assessment years 1979-80 and 1980-81 under section 263 of the Income-tax Act, 1961. The assessments were found to be completed hastily without proper scrutiny, lacking essential documents and detailed examination. The absence of necessary evidence, failure to respond to notices, and discrepancies in submitted documents led to the conclusion that the assessments were erroneous and prejudicial to the revenue's interests. The court directed for de novo assessments from the stage of filing returns, emphasizing the importance of adherence to procedural requirements and adequate evidence in income tax assessments. en-us Fri, 24 Oct 1986 00:00:00 +0530 Sat, 29 Jan 2011 17:07:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63390 The judgment upheld the Commissioner's decision to vacate the assessments for the assessment years 1979-80 and 1980-81 under section 263 of the Income-tax Act, 1961. The assessments were found to be completed hastily without proper scrutiny, lacking essential documents and detailed examination. The absence of necessary evidence, failure to respond to notices, and discrepancies in submitted documents led to the conclusion that the assessments were erroneous and prejudicial to the revenue's interests. The court directed for de novo assessments from the stage of filing returns, emphasizing the importance of adherence to procedural requirements and adequate evidence in income tax assessments. Case-Laws Income Tax Fri, 24 Oct 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63390