https://www.taxtmi.com/caselaws?id=68061 The Tribunal held that the Commissioner lacked authority to revise orders approved by the IAC under section 144B before 1st Oct., 1984. It emphasized that the Commissioner's directions were for examination purposes, not conclusive findings, regarding discrepancies in the trading account and ledger. The order directed the ITO to investigate claimed expenses and purchases for potential inflation and non-certifiable items. The Tribunal modified the order to ensure a fresh assessment based on identified mistakes, allowing the assessee to provide evidence. The appeal was partially allowed to balance thorough investigation with the assessee's right to present evidence. en-us Tue, 14 Jun 1988 00:00:00 +0530 Wed, 16 Mar 2011 17:03:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68061 The Tribunal held that the Commissioner lacked authority to revise orders approved by the IAC under section 144B before 1st Oct., 1984. It emphasized that the Commissioner's directions were for examination purposes, not conclusive findings, regarding discrepancies in the trading account and ledger. The order directed the ITO to investigate claimed expenses and purchases for potential inflation and non-certifiable items. The Tribunal modified the order to ensure a fresh assessment based on identified mistakes, allowing the assessee to provide evidence. The appeal was partially allowed to balance thorough investigation with the assessee's right to present evidence. Case-Laws Income Tax Tue, 14 Jun 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68061