https://www.taxtmi.com/caselaws?id=70524 The Tribunal held that assessments made following IAC's directions cannot be revised by the CIT under section 263, citing previous decisions and statutory merger principles. The Tribunal found the CIT's order deficient as it lacked clear findings on contested items and failed to address objections raised by the assessee, leading to a lack of proper consideration. The CIT's failure to evaluate objections rendered the decision-making process flawed, contributing to the order's invalidity. Additionally, the Tribunal dismissed the allegation of hasty assessments, emphasizing the assessments were conducted following due procedures. The Tribunal canceled the CIT's order due to the improper delegation of discretion to the IAC, compromising the CIT's independent evaluation role. en-us Fri, 15 May 1981 00:00:00 +0530 Sat, 16 Apr 2011 15:58:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70524 The Tribunal held that assessments made following IAC's directions cannot be revised by the CIT under section 263, citing previous decisions and statutory merger principles. The Tribunal found the CIT's order deficient as it lacked clear findings on contested items and failed to address objections raised by the assessee, leading to a lack of proper consideration. The CIT's failure to evaluate objections rendered the decision-making process flawed, contributing to the order's invalidity. Additionally, the Tribunal dismissed the allegation of hasty assessments, emphasizing the assessments were conducted following due procedures. The Tribunal canceled the CIT's order due to the improper delegation of discretion to the IAC, compromising the CIT's independent evaluation role. Case-Laws Income Tax Fri, 15 May 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70524