https://www.taxtmi.com/caselaws?id=16298 The High Court affirmed the Income-tax Appellate Tribunal's decision to allow the appeal filed by the assessee-company, setting aside the Commissioner of Income-tax's order to modify the assessment. The Court held that the Assessing Officer's assessment was in accordance with the law, entitling the assessee to the refund arising from the assessment. Additionally, the Court concluded that the Assessing Officer has the authority to determine refunds in a regular assessment under section 143(3), rejecting the Revenue's argument that refunds could not exceed provisional assessments under section 143(1)(a). The Revenue's contentions were dismissed, and the appeal was rejected with no costs. en-us Tue, 06 Oct 1998 00:00:00 +0530 Sat, 05 Sep 2009 16:51:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16298 The High Court affirmed the Income-tax Appellate Tribunal's decision to allow the appeal filed by the assessee-company, setting aside the Commissioner of Income-tax's order to modify the assessment. The Court held that the Assessing Officer's assessment was in accordance with the law, entitling the assessee to the refund arising from the assessment. Additionally, the Court concluded that the Assessing Officer has the authority to determine refunds in a regular assessment under section 143(3), rejecting the Revenue's argument that refunds could not exceed provisional assessments under section 143(1)(a). The Revenue's contentions were dismissed, and the appeal was rejected with no costs. Case-Laws Income Tax Tue, 06 Oct 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16298