https://www.taxtmi.com/caselaws?id=63925 The Tribunal allowed the appeal, canceling the Commissioner's order and upholding the company's industrial status for tax rate purposes. The decision emphasized the Income-tax Officer's acceptance of the company's industrial status claim under section 154, based on previous Tribunal orders, and concluded that the Commissioner lacked jurisdiction to alter the assessment. The judgment highlighted the consistency of Tribunal decisions, the interpretation of tax laws, and the procedural correctness of the assessment process, resulting in the favorable outcome for the appellant-assessee company. en-us Thu, 13 Apr 1989 00:00:00 +0530 Wed, 02 Feb 2011 17:22:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63925 The Tribunal allowed the appeal, canceling the Commissioner's order and upholding the company's industrial status for tax rate purposes. The decision emphasized the Income-tax Officer's acceptance of the company's industrial status claim under section 154, based on previous Tribunal orders, and concluded that the Commissioner lacked jurisdiction to alter the assessment. The judgment highlighted the consistency of Tribunal decisions, the interpretation of tax laws, and the procedural correctness of the assessment process, resulting in the favorable outcome for the appellant-assessee company. Case-Laws Income Tax Thu, 13 Apr 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63925