https://www.taxtmi.com/caselaws?id=65628 The tribunal set aside the CIT(A)'s order annulling the assessment and remanded the case for fresh disposal, emphasizing that Circulars cannot override statutory provisions. The tribunal upheld the validity of the assessment made by the Assessing Officer under section 143(3) for a return showing a loss, clarifying that section 139(10) applies to returns with positive income below the taxable limit. The tribunal affirmed the jurisdiction of the Assessing Officer to assess the return and directed a reconsideration of the case in compliance with the law, allowing the revenue's appeal for statistical purposes. en-us Fri, 02 Aug 1991 00:00:00 +0530 Fri, 18 Feb 2011 10:35:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65628 The tribunal set aside the CIT(A)'s order annulling the assessment and remanded the case for fresh disposal, emphasizing that Circulars cannot override statutory provisions. The tribunal upheld the validity of the assessment made by the Assessing Officer under section 143(3) for a return showing a loss, clarifying that section 139(10) applies to returns with positive income below the taxable limit. The tribunal affirmed the jurisdiction of the Assessing Officer to assess the return and directed a reconsideration of the case in compliance with the law, allowing the revenue's appeal for statistical purposes. Case-Laws Income Tax Fri, 02 Aug 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65628