https://www.taxtmi.com/highlights?id=26629 When tax payable and when assessee deemed in default - the tendency of making high pitched assessments by the Assessing Officer is not unknown and it may result in serious prejudice to the assessee and miscarriage of justice & sometimes may even result into insolvency or closure of the business if such power was to be exercised only in a pro-revenue manner. - HC en-us Sun, 27 Dec 2015 17:40:28 +0530 Sun, 27 Dec 2015 17:40:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=26629 When tax payable and when assessee deemed in default - the tendency of making high pitched assessments by the Assessing Officer is not unknown and it may result in serious prejudice to the assessee and miscarriage of justice & sometimes may even result into insolvency or closure of the business if such power was to be exercised only in a pro-revenue manner. - HC Highlights Income Tax Sun, 27 Dec 2015 17:40:28 +0530 https://www.taxtmi.com/highlights?id=26629