https://www.taxtmi.com/caselaws?id=14432 The High Court held that the Tribunal's order directing verification of bad debts did not amount to a fresh assessment under section 153(2A) of the Income-tax Act, 1961. Instead, the assessment fell under section 153(3) as it was made to give effect to the Tribunal's direction under section 254. Therefore, the time limit prescribed under section 153(2A) did not apply, and the revisional authority's decision to uphold the fresh assessment was correct. The appeal was dismissed accordingly. en-us Tue, 15 Feb 2000 00:00:00 +0530 Wed, 15 Jul 2009 17:41:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14432 The High Court held that the Tribunal's order directing verification of bad debts did not amount to a fresh assessment under section 153(2A) of the Income-tax Act, 1961. Instead, the assessment fell under section 153(3) as it was made to give effect to the Tribunal's direction under section 254. Therefore, the time limit prescribed under section 153(2A) did not apply, and the revisional authority's decision to uphold the fresh assessment was correct. The appeal was dismissed accordingly. Case-Laws Income Tax Tue, 15 Feb 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14432