https://www.taxtmi.com/caselaws?id=263720 The High Court of Calcutta reviewed assessments made under sections 144 and 145 for the years 2005-06 and 2006-07. The assessing officer's lack of proper basis for the assessments under section 144 was challenged. The Court emphasized the necessity of considering all relevant materials for such assessments. Discrepancies in the assessment order and excessive estimates were noted. The Court clarified that the assessments were made under section 144, not 143(3), and ruled in favor of the assessee. The challenged order was set aside, and the matter was remanded for a lawful assessment under section 144. en-us Wed, 29 Apr 2015 00:00:00 +0530 Wed, 09 Sep 2015 08:46:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=263720 The High Court of Calcutta reviewed assessments made under sections 144 and 145 for the years 2005-06 and 2006-07. The assessing officer's lack of proper basis for the assessments under section 144 was challenged. The Court emphasized the necessity of considering all relevant materials for such assessments. Discrepancies in the assessment order and excessive estimates were noted. The Court clarified that the assessments were made under section 144, not 143(3), and ruled in favor of the assessee. The challenged order was set aside, and the matter was remanded for a lawful assessment under section 144. Case-Laws Income Tax Wed, 29 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=263720