https://www.taxtmi.com/caselaws?id=152005 The Tribunal, with a majority decision, upheld the Commissioner of Income-tax's order under section 263, setting aside the Assessing Officer's assessment. The Judicial Member dissented, citing the requirement for the Commissioner to clearly identify errors. The Accountant Member and Third Member supported the Commissioner's decision, emphasizing the AO's failure to consider the exclusion of minerals and ores under section 80HHC. The final ruling directed a fresh assessment, considering the legal implications of section 80HHC and the classification of granite as minerals and ores. en-us Tue, 25 Feb 1997 00:00:00 +0530 Fri, 21 Jun 2013 11:57:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=152005 The Tribunal, with a majority decision, upheld the Commissioner of Income-tax's order under section 263, setting aside the Assessing Officer's assessment. The Judicial Member dissented, citing the requirement for the Commissioner to clearly identify errors. The Accountant Member and Third Member supported the Commissioner's decision, emphasizing the AO's failure to consider the exclusion of minerals and ores under section 80HHC. The final ruling directed a fresh assessment, considering the legal implications of section 80HHC and the classification of granite as minerals and ores. Case-Laws Income Tax Tue, 25 Feb 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=152005