https://www.taxtmi.com/circulars?id=9309 The High Court held that the Tribunal's powers under section 24(5) are not different from those of the assessing authority and must be exercised in accordance with the Act and rules; the expression "as it thinks fit" does not permit disregarding the binding effect of Rule 1D. The Board instructs officers to note this decision and for Departmental Representatives to present the departmental case before the Appellate Tribunal in light of that interpretation. en-us Wed, 09 Jan 1980 00:00:00 +0530 Fri, 03 Jun 2011 18:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=9309 The High Court held that the Tribunal's powers under section 24(5) are not different from those of the assessing authority and must be exercised in accordance with the Act and rules; the expression "as it thinks fit" does not permit disregarding the binding effect of Rule 1D. The Board instructs officers to note this decision and for Departmental Representatives to present the departmental case before the Appellate Tribunal in light of that interpretation. Circulars Income Tax Wed, 09 Jan 1980 00:00:00 +0530 https://www.taxtmi.com/circulars?id=9309