https://www.taxtmi.com/caselaws?id=14351 The Court dismissed the applications, emphasizing that the reassessment orders were invalid due to the cancellation of the Commissioner's orders under section 263 by the Tribunal. The Court highlighted that the Tribunal's decisions were lawful based on the circumstances prevailing at the time of ruling, rendering the reassessment orders null and void. The applications were limited to the question of upholding the Commissioner's order quashing the reassessments, and the Court concluded that without the basis of jurisdiction for reassessment, the orders could not stand. The Commissioner was advised to seek alternative remedies if necessary. en-us Thu, 18 Nov 1999 00:00:00 +0530 Wed, 15 Jul 2009 13:23:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14351 The Court dismissed the applications, emphasizing that the reassessment orders were invalid due to the cancellation of the Commissioner's orders under section 263 by the Tribunal. The Court highlighted that the Tribunal's decisions were lawful based on the circumstances prevailing at the time of ruling, rendering the reassessment orders null and void. The applications were limited to the question of upholding the Commissioner's order quashing the reassessments, and the Court concluded that without the basis of jurisdiction for reassessment, the orders could not stand. The Commissioner was advised to seek alternative remedies if necessary. Case-Laws Income Tax Thu, 18 Nov 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14351