https://www.taxtmi.com/caselaws?id=21544 Section 35B(1)(b) of the Income-tax Act, 1961 was not properly applied by the Income-tax Officer, resulting in excessive relief to the assessee. The Commissioner therefore set aside the assessment and required the claim to be reexamined. The Tribunal directed the officer to apply the principles laid down in J. Hemchand and Co., and the Gujarat High Court upheld that approach, leaving the decision in the assessee's favour. en-us Thu, 13 Feb 1992 00:00:00 +0530 Wed, 25 Nov 2009 12:26:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=21544 Section 35B(1)(b) of the Income-tax Act, 1961 was not properly applied by the Income-tax Officer, resulting in excessive relief to the assessee. The Commissioner therefore set aside the assessment and required the claim to be reexamined. The Tribunal directed the officer to apply the principles laid down in J. Hemchand and Co., and the Gujarat High Court upheld that approach, leaving the decision in the assessee's favour. Case-Laws Income Tax Thu, 13 Feb 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=21544