https://www.taxtmi.com/caselaws?id=21707 The High Court affirmed the Tribunal's decision to modify the Commissioner's direction for a fresh assessment under section 263 of the Income-tax Act, 1961. The Court emphasized the importance of accurate turnover calculation and proper assessment procedures in assessing liabilities related to sales tax realization. The judgment clarified the application of section 43B and upheld the assessee's right to be heard, ensuring fairness and compliance with legal provisions. en-us Wed, 08 May 1991 00:00:00 +0530 Fri, 27 Nov 2009 11:07:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=21707 The High Court affirmed the Tribunal's decision to modify the Commissioner's direction for a fresh assessment under section 263 of the Income-tax Act, 1961. The Court emphasized the importance of accurate turnover calculation and proper assessment procedures in assessing liabilities related to sales tax realization. The judgment clarified the application of section 43B and upheld the assessee's right to be heard, ensuring fairness and compliance with legal provisions. Case-Laws Income Tax Wed, 08 May 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=21707