https://www.taxtmi.com/caselaws?id=65009 The Tribunal annulled the assessment order due to the non-determination of tax liability, ruling that the omission rendered the order invalid and incurable under Section 292B. The appeal by the assessee was accepted, emphasizing the necessity of specifying tax liability for a valid assessment order. The disallowance of interest paid on packing credit borrowed for export business was briefly addressed, with the Tribunal suggesting that the disallowance was not sustainable given the circumstances presented by the assessee. en-us Fri, 24 Jul 1998 00:00:00 +0530 Fri, 11 Feb 2011 16:20:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65009 The Tribunal annulled the assessment order due to the non-determination of tax liability, ruling that the omission rendered the order invalid and incurable under Section 292B. The appeal by the assessee was accepted, emphasizing the necessity of specifying tax liability for a valid assessment order. The disallowance of interest paid on packing credit borrowed for export business was briefly addressed, with the Tribunal suggesting that the disallowance was not sustainable given the circumstances presented by the assessee. Case-Laws Income Tax Fri, 24 Jul 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65009