https://www.taxtmi.com/caselaws?id=7024 In reassessment after an appellate remand, the enquiry may be confined to the specific issue actually in dispute, here the character of alleged speculation or hedging losses. Where the original assessment had already examined and accepted the trading accounts and computed the trading loss, that settled computation should not be reopened merely because a later remand directed further examination of a limited loss claim. The appellate authority may set aside an assessment and direct further enquiry, but that power must be exercised judiciously and within the scope of the remand. The Tribunal's wider power under section 33(4) supports confining the enquiry to the subject matter truly at issue, leaving the concluded trading loss computation undisturbed. en-us Tue, 26 Sep 1967 00:00:00 +0530 Sat, 07 Feb 2009 19:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=7024 In reassessment after an appellate remand, the enquiry may be confined to the specific issue actually in dispute, here the character of alleged speculation or hedging losses. Where the original assessment had already examined and accepted the trading accounts and computed the trading loss, that settled computation should not be reopened merely because a later remand directed further examination of a limited loss claim. The appellate authority may set aside an assessment and direct further enquiry, but that power must be exercised judiciously and within the scope of the remand. The Tribunal's wider power under section 33(4) supports confining the enquiry to the subject matter truly at issue, leaving the concluded trading loss computation undisturbed. Case-Laws Income Tax Tue, 26 Sep 1967 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=7024