https://www.taxtmi.com/caselaws?id=213513 The Tribunal upheld the CIT's assumption of jurisdiction under section 263, allowing the appeal to the extent that the Assessing Officer should reframe the assessment as per law, without being bound by specific findings of the CIT. The appeal was allowed to this extent, and the order was pronounced in the open court. en-us Fri, 25 Nov 2011 00:00:00 +0530 Thu, 24 May 2012 16:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=213513 The Tribunal upheld the CIT's assumption of jurisdiction under section 263, allowing the appeal to the extent that the Assessing Officer should reframe the assessment as per law, without being bound by specific findings of the CIT. The appeal was allowed to this extent, and the order was pronounced in the open court. Case-Laws Income Tax Fri, 25 Nov 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=213513