https://www.taxtmi.com/caselaws?id=77680 The appeal was allowed, setting aside the Tribunal's order and remanding the matter for a fresh decision on the merits in accordance with the law, with further proceedings scheduled for January 14, 2010. The Tribunal was found unjustified in directing to wait for the Excise Tribunal decision, emphasizing the independence of finalizing reassessment regardless of excise proceedings. The judgment in CIT v. K. S. Bhatia was deemed inapplicable, and the assessing authority was not required to delay proceedings based on the Excise Tribunal decision, as it could lead to time-barred proceedings. en-us Fri, 23 Oct 2009 00:00:00 +0530 Wed, 07 Sep 2011 13:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=77680 The appeal was allowed, setting aside the Tribunal's order and remanding the matter for a fresh decision on the merits in accordance with the law, with further proceedings scheduled for January 14, 2010. The Tribunal was found unjustified in directing to wait for the Excise Tribunal decision, emphasizing the independence of finalizing reassessment regardless of excise proceedings. The judgment in CIT v. K. S. Bhatia was deemed inapplicable, and the assessing authority was not required to delay proceedings based on the Excise Tribunal decision, as it could lead to time-barred proceedings. Case-Laws Income Tax Fri, 23 Oct 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=77680