https://www.taxtmi.com/caselaws?id=24781 The High Court of Calcutta upheld the Commissioner's order under section 263, emphasizing the need for proper determination of business income and the limitations of rectification under section 154. The decision favored the Revenue and against the assessee, highlighting the importance of factual investigation in assessing income for tax purposes. en-us Wed, 08 Jun 1988 00:00:00 +0530 Fri, 22 Jan 2010 13:23:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=24781 The High Court of Calcutta upheld the Commissioner's order under section 263, emphasizing the need for proper determination of business income and the limitations of rectification under section 154. The decision favored the Revenue and against the assessee, highlighting the importance of factual investigation in assessing income for tax purposes. Case-Laws Income Tax Wed, 08 Jun 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=24781