https://www.taxtmi.com/caselaws?id=11053 The High Court of Rajasthan recalled its main order for fresh hearing in a reference under section 256(1) based on corrections made. The case involved the treatment of profit after amalgamation as a transfer under the Income-tax Act. The Assessing Officer erred in revisiting the issue of profit on amalgamation without specific direction from the Appellate Assistant Commissioner. The Court upheld the Commissioner of Income-tax (Appeals) decision, emphasizing the limited power of the Assessing Officer to touch upon issues not directed by higher appellate authorities. The judgment clarified procedural boundaries for Assessing Officers in conducting assessments based on appellate directives. en-us Fri, 07 May 2004 00:00:00 +0530 Thu, 30 Jul 2009 11:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=11053 The High Court of Rajasthan recalled its main order for fresh hearing in a reference under section 256(1) based on corrections made. The case involved the treatment of profit after amalgamation as a transfer under the Income-tax Act. The Assessing Officer erred in revisiting the issue of profit on amalgamation without specific direction from the Appellate Assistant Commissioner. The Court upheld the Commissioner of Income-tax (Appeals) decision, emphasizing the limited power of the Assessing Officer to touch upon issues not directed by higher appellate authorities. The judgment clarified procedural boundaries for Assessing Officers in conducting assessments based on appellate directives. Case-Laws Income Tax Fri, 07 May 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=11053