https://www.taxtmi.com/caselaws?id=20503 The court ruled in favor of the Revenue and against the assessee on various issues including the validity of the show-cause notice, nature of the orders, inclusion of capital gains, merger of orders, and revisability of directions. The Commissioner's order under section 263 and the Tribunal's decision were upheld as legally valid, directing a fresh assessment due to errors in income exclusion. The judgment favored the Revenue on most questions, with costs unspecified and a copy transmitted to the Appellate Tribunal. en-us Wed, 07 Jul 1993 00:00:00 +0530 Sat, 14 Nov 2009 13:17:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20503 The court ruled in favor of the Revenue and against the assessee on various issues including the validity of the show-cause notice, nature of the orders, inclusion of capital gains, merger of orders, and revisability of directions. The Commissioner's order under section 263 and the Tribunal's decision were upheld as legally valid, directing a fresh assessment due to errors in income exclusion. The judgment favored the Revenue on most questions, with costs unspecified and a copy transmitted to the Appellate Tribunal. Case-Laws Income Tax Wed, 07 Jul 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20503