https://www.taxtmi.com/caselaws?id=205993 The Tribunal upheld the CIT's order under section 263 of the Income Tax Act for the assessment year 2002-03. The CIT's decision to set aside the assessment for a fresh computation of taxable income under section 115JB was affirmed. The Tribunal dismissed the appeal, emphasizing the importance of correct computation and dismissing fresh claims made during the proceedings. The decision in the Rain Commodities Ltd. case was deemed inapplicable, and the CIT's order was upheld for a fresh assessment. en-us Fri, 03 Dec 2010 00:00:00 +0530 Wed, 05 Oct 2011 00:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=205993 The Tribunal upheld the CIT's order under section 263 of the Income Tax Act for the assessment year 2002-03. The CIT's decision to set aside the assessment for a fresh computation of taxable income under section 115JB was affirmed. The Tribunal dismissed the appeal, emphasizing the importance of correct computation and dismissing fresh claims made during the proceedings. The decision in the Rain Commodities Ltd. case was deemed inapplicable, and the CIT's order was upheld for a fresh assessment. Case-Laws Income Tax Fri, 03 Dec 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=205993