https://www.taxtmi.com/caselaws?id=14672 The High Court affirmed the Tribunal's decision in favor of the assessee, holding that the original assessment order was neither erroneous nor prejudicial to the Revenue. The Court rejected the applicability of promissory estoppel to the case and found the order passed under section 263 to be valid. The Court also dismissed the Commissioner's claim that the earlier order was illegal and without jurisdiction. The decision favored the assessee, and the reference application was disposed of accordingly. en-us Mon, 14 Aug 2000 00:00:00 +0530 Sat, 18 Jul 2009 10:18:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14672 The High Court affirmed the Tribunal's decision in favor of the assessee, holding that the original assessment order was neither erroneous nor prejudicial to the Revenue. The Court rejected the applicability of promissory estoppel to the case and found the order passed under section 263 to be valid. The Court also dismissed the Commissioner's claim that the earlier order was illegal and without jurisdiction. The decision favored the assessee, and the reference application was disposed of accordingly. Case-Laws Income Tax Mon, 14 Aug 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14672