https://www.taxtmi.com/caselaws?id=71049 The judgment focused on the sustainability of a consolidated order issued by the Commissioner of Income-tax under s. 263(1) for the assessment years 1971-72, 1972-73, and 1973-74. The court concluded that the Commissioner's order, based on suspicions and lacking substantial evidence, was erroneous. It held that the assessments were not prejudicial to revenue, as the Income-tax Officer had conducted proper inquiries before accepting the returns. Additionally, the court found that the Commissioner exceeded his authority by revising assessments made under a scheme for small taxpayers. Consequently, the Commissioner's order was canceled, and the appeals were allowed. en-us Mon, 28 Feb 1977 00:00:00 +0530 Thu, 21 Apr 2011 11:08:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71049 The judgment focused on the sustainability of a consolidated order issued by the Commissioner of Income-tax under s. 263(1) for the assessment years 1971-72, 1972-73, and 1973-74. The court concluded that the Commissioner's order, based on suspicions and lacking substantial evidence, was erroneous. It held that the assessments were not prejudicial to revenue, as the Income-tax Officer had conducted proper inquiries before accepting the returns. Additionally, the court found that the Commissioner exceeded his authority by revising assessments made under a scheme for small taxpayers. Consequently, the Commissioner's order was canceled, and the appeals were allowed. Case-Laws Income Tax Mon, 28 Feb 1977 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71049