https://www.taxtmi.com/caselaws?id=64395 The Tribunal clarified that the Commissioner's order under section 263 set aside only specific aspects of the original assessment order related to penalty and interest, not the entire assessment. It ruled that the ITO misinterpreted the order, leading to the incorrect disallowance of interest paid by the assessee. The AAC's failure to properly address the implications of the Commissioner's order was noted. The Tribunal emphasized the finality of the order, which directed a fresh assessment limited to penalty and interest. It concluded that the Commissioner's directions for the fresh assessment were clear and specific, guiding the assessment process effectively. en-us Thu, 24 Feb 1983 00:00:00 +0530 Mon, 07 Feb 2011 16:24:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64395 The Tribunal clarified that the Commissioner's order under section 263 set aside only specific aspects of the original assessment order related to penalty and interest, not the entire assessment. It ruled that the ITO misinterpreted the order, leading to the incorrect disallowance of interest paid by the assessee. The AAC's failure to properly address the implications of the Commissioner's order was noted. The Tribunal emphasized the finality of the order, which directed a fresh assessment limited to penalty and interest. It concluded that the Commissioner's directions for the fresh assessment were clear and specific, guiding the assessment process effectively. Case-Laws Income Tax Thu, 24 Feb 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64395