https://www.taxtmi.com/caselaws?id=77717 The court affirmed the Tribunal's decisions on various issues including the applicability of Section 254(2) of the Income-tax Act, interpretation of the law as laid down by the jurisdictional High Court, validity of reopening the assessment under Section 147, justification of restoring the order of the assessing authority without remanding to the Commissioner (Appeals), and the requirement of restoring the case back to the Commissioner (Appeals). The court dismissed the appeal, upheld the validity of the reassessment, and directed the assessing authority to address the tax liability in the hands of the firm and revise the respective partners' assessments accordingly. en-us Wed, 27 Jan 2010 00:00:00 +0530 Wed, 06 Oct 2010 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=77717 The court affirmed the Tribunal's decisions on various issues including the applicability of Section 254(2) of the Income-tax Act, interpretation of the law as laid down by the jurisdictional High Court, validity of reopening the assessment under Section 147, justification of restoring the order of the assessing authority without remanding to the Commissioner (Appeals), and the requirement of restoring the case back to the Commissioner (Appeals). The court dismissed the appeal, upheld the validity of the reassessment, and directed the assessing authority to address the tax liability in the hands of the firm and revise the respective partners' assessments accordingly. Case-Laws Income Tax Wed, 27 Jan 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=77717