https://www.taxtmi.com/caselaws?id=390743 The High Court quashed the Assessing Officer's order for exceeding jurisdiction by assessing beyond the Tribunal's directions. The court emphasized adherence to the Tribunal's directive to verify the lower profit rate claim based on the assessee's books, excluding the 8% rate under Section 44AD. It allowed the writ application, citing the bypassing of alternative remedies due to legal errors and natural justice breaches. The High Court stressed procedural irregularities and instructed the Assessing Officer to reassess solely in line with the Tribunal's original directions. en-us Tue, 07 Jan 2020 00:00:00 +0530 Wed, 19 Aug 2020 14:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=390743 The High Court quashed the Assessing Officer's order for exceeding jurisdiction by assessing beyond the Tribunal's directions. The court emphasized adherence to the Tribunal's directive to verify the lower profit rate claim based on the assessee's books, excluding the 8% rate under Section 44AD. It allowed the writ application, citing the bypassing of alternative remedies due to legal errors and natural justice breaches. The High Court stressed procedural irregularities and instructed the Assessing Officer to reassess solely in line with the Tribunal's original directions. Case-Laws Income Tax Tue, 07 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=390743