https://www.taxtmi.com/caselaws?id=335707 The High Court upheld the Tribunal's decision that the Rupees Six crores should be assessed in the name of a private company, not the individual assessee. The Court rejected the appeal, stating that the Tribunal's factual findings were conclusive and the Commissioner's order setting aside the assessment was deemed illegal and lacking jurisdiction. The Court emphasized that the Commissioner cannot substitute his views for the Assessing Officer's unless the latter's decision is legally unsustainable. The appellant's argument was dismissed as no substantial question of law arose from the Tribunal's findings. en-us Wed, 28 Sep 2016 00:00:00 +0530 Wed, 07 Dec 2016 18:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=335707 The High Court upheld the Tribunal's decision that the Rupees Six crores should be assessed in the name of a private company, not the individual assessee. The Court rejected the appeal, stating that the Tribunal's factual findings were conclusive and the Commissioner's order setting aside the assessment was deemed illegal and lacking jurisdiction. The Court emphasized that the Commissioner cannot substitute his views for the Assessing Officer's unless the latter's decision is legally unsustainable. The appellant's argument was dismissed as no substantial question of law arose from the Tribunal's findings. Case-Laws Income Tax Wed, 28 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=335707