https://www.taxtmi.com/caselaws?id=70870 The Tribunal found the assessment of business income by the Income Tax Officer (ITO) to be invalid and unsustainable in law due to being based on irrelevant evidence from the wrong accounting year's books of account. The Tribunal remitted the matter back to the ITO for proper examination of the books of account for the correct accounting year. Additionally, the Tribunal allowed the appeal against the agreed assessment, noting that the representative lacked authority to concede on behalf of the assessee beyond the scope provided by the IT Rules. en-us Tue, 30 Apr 1985 00:00:00 +0530 Tue, 19 Apr 2011 17:39:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70870 The Tribunal found the assessment of business income by the Income Tax Officer (ITO) to be invalid and unsustainable in law due to being based on irrelevant evidence from the wrong accounting year's books of account. The Tribunal remitted the matter back to the ITO for proper examination of the books of account for the correct accounting year. Additionally, the Tribunal allowed the appeal against the agreed assessment, noting that the representative lacked authority to concede on behalf of the assessee beyond the scope provided by the IT Rules. Case-Laws Income Tax Tue, 30 Apr 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70870