https://www.taxtmi.com/caselaws?id=354073 The court upheld the power of the Commissioner to remand for fresh assessment under Section 263, ruling that the limitation period under Section 153B does not apply to fresh assessments. It found that the Commissioner's power to remand is not curtailed by the expiration of the limitation period under Section 153B. The court also held that satisfaction by the Assessing Officer for a fresh assessment on remand under Section 263 was not required if satisfaction was already entered at the initial stage. The assessments were deemed valid within the statutory framework, and the appeals were rejected without costs awarded. en-us Mon, 18 Dec 2017 00:00:00 +0530 Mon, 11 Jun 2018 16:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=354073 The court upheld the power of the Commissioner to remand for fresh assessment under Section 263, ruling that the limitation period under Section 153B does not apply to fresh assessments. It found that the Commissioner's power to remand is not curtailed by the expiration of the limitation period under Section 153B. The court also held that satisfaction by the Assessing Officer for a fresh assessment on remand under Section 263 was not required if satisfaction was already entered at the initial stage. The assessments were deemed valid within the statutory framework, and the appeals were rejected without costs awarded. Case-Laws Income Tax Mon, 18 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=354073