https://www.taxtmi.com/caselaws?id=20780 The High Court ruled in favor of the assessee, allowing the deduction for improvements in a reassessment following a revisional order under section 263 of the Income-tax Act. The Court held that when an assessment is annulled and a fresh assessment is directed, the assessing authority has the discretion to consider all claims, even those not previously raised. The judgment emphasized that the assessing authority can evaluate all relevant aspects during the reassessment process, including new claims, as the original assessment is nullified by the Commissioner's order under section 263. en-us Thu, 04 Feb 1993 00:00:00 +0530 Tue, 17 Nov 2009 11:48:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20780 The High Court ruled in favor of the assessee, allowing the deduction for improvements in a reassessment following a revisional order under section 263 of the Income-tax Act. The Court held that when an assessment is annulled and a fresh assessment is directed, the assessing authority has the discretion to consider all claims, even those not previously raised. The judgment emphasized that the assessing authority can evaluate all relevant aspects during the reassessment process, including new claims, as the original assessment is nullified by the Commissioner's order under section 263. Case-Laws Income Tax Thu, 04 Feb 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20780