https://www.taxtmi.com/caselaws?id=10234 The High Court of ALLAHABAD ruled in favor of the assessee on both issues, finding that the Commissioner's actions were not justified and that the Tribunal's order was not incorrect on facts and law. The Court emphasized the significance of following circulars issued by the Board and concluded that proceedings under section 263 were unwarranted for assessments completed under section 143(1) of the Income-tax Act, 1961. en-us Tue, 11 Jan 2005 00:00:00 +0530 Sat, 11 Jul 2009 10:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10234 The High Court of ALLAHABAD ruled in favor of the assessee on both issues, finding that the Commissioner's actions were not justified and that the Tribunal's order was not incorrect on facts and law. The Court emphasized the significance of following circulars issued by the Board and concluded that proceedings under section 263 were unwarranted for assessments completed under section 143(1) of the Income-tax Act, 1961. Case-Laws Income Tax Tue, 11 Jan 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10234