https://www.taxtmi.com/caselaws?id=19847 The High Court of Allahabad dismissed two connected applications filed by Revenue against a common order by the Income-tax Appellate Tribunal for assessment years 1984-85 and 1985-86. The Court upheld the Tribunal's decision, ruling that the assessments completed under section 143(1) could not be revisited under section 263. The Court emphasized the minimal tax effect in the cases and policy guidelines discouraging reference applications for insignificant tax amounts. As a result, the applications were deemed meritless and rejected without costs. en-us Mon, 10 Jan 1994 00:00:00 +0530 Tue, 10 Nov 2009 11:58:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19847 The High Court of Allahabad dismissed two connected applications filed by Revenue against a common order by the Income-tax Appellate Tribunal for assessment years 1984-85 and 1985-86. The Court upheld the Tribunal's decision, ruling that the assessments completed under section 143(1) could not be revisited under section 263. The Court emphasized the minimal tax effect in the cases and policy guidelines discouraging reference applications for insignificant tax amounts. As a result, the applications were deemed meritless and rejected without costs. Case-Laws Income Tax Mon, 10 Jan 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19847