https://www.taxtmi.com/caselaws?id=66635 The Tribunal dismissed departmental appeals against the Appellate Assistant Commissioner's decision to set aside ex parte assessments made by the Income-tax Officer under section 144 of the Income Tax Act. The Tribunal emphasized that the Income-tax Officer must conduct a fair estimate based on available materials and circumstances, without resorting to arbitrary judgments. It clarified that the assessee has the right to question materials used in assessments but may not be entitled to a new opportunity if no undisclosed external materials were utilized. The Appellate Assistant Commissioner's power to set aside assessments was upheld, with a directive for reassessment based solely on existing evidence. en-us Tue, 30 Jun 1987 00:00:00 +0530 Sat, 05 Mar 2011 13:10:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66635 The Tribunal dismissed departmental appeals against the Appellate Assistant Commissioner's decision to set aside ex parte assessments made by the Income-tax Officer under section 144 of the Income Tax Act. The Tribunal emphasized that the Income-tax Officer must conduct a fair estimate based on available materials and circumstances, without resorting to arbitrary judgments. It clarified that the assessee has the right to question materials used in assessments but may not be entitled to a new opportunity if no undisclosed external materials were utilized. The Appellate Assistant Commissioner's power to set aside assessments was upheld, with a directive for reassessment based solely on existing evidence. Case-Laws Income Tax Tue, 30 Jun 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66635