https://www.taxtmi.com/caselaws?id=201917 The High Court set aside the Tribunal's decision and remitted the case for re-examination, emphasizing the Tribunal's duty to assess the correctness of lower authorities' findings. The case revolved around the acceptance of the assessee's declared income and books of account, which the Assessing Officer had discrepancies with. Despite the first appellate authority and Tribunal accepting the income figures, the High Court found the Tribunal failed to consider the reasons for rejecting the books of account, instructing a thorough review before making a decision. en-us Thu, 03 Dec 2009 00:00:00 +0530 Sat, 29 Dec 2012 16:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=201917 The High Court set aside the Tribunal's decision and remitted the case for re-examination, emphasizing the Tribunal's duty to assess the correctness of lower authorities' findings. The case revolved around the acceptance of the assessee's declared income and books of account, which the Assessing Officer had discrepancies with. Despite the first appellate authority and Tribunal accepting the income figures, the High Court found the Tribunal failed to consider the reasons for rejecting the books of account, instructing a thorough review before making a decision. Case-Laws Income Tax Thu, 03 Dec 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=201917