https://www.taxtmi.com/caselaws?id=201350 The court set aside the Tribunal's orders and remanded the matter to the Commissioner of Income-tax (Appeals) for rehearing the assessee and for fresh disposal of the case. The court emphasized that the assessee should have an opportunity to contest the case on its merits, especially in light of the impact of the retrospective amendment. Therefore, the correctness of the reassessment and the assessee's challenge against the quantum of assessment should be considered by the Commissioner of Income-tax (Appeals) in the rehearing. en-us Thu, 03 Apr 2008 00:00:00 +0530 Sat, 29 Dec 2012 17:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=201350 The court set aside the Tribunal's orders and remanded the matter to the Commissioner of Income-tax (Appeals) for rehearing the assessee and for fresh disposal of the case. The court emphasized that the assessee should have an opportunity to contest the case on its merits, especially in light of the impact of the retrospective amendment. Therefore, the correctness of the reassessment and the assessee's challenge against the quantum of assessment should be considered by the Commissioner of Income-tax (Appeals) in the rehearing. Case-Laws Income Tax Thu, 03 Apr 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=201350