https://www.taxtmi.com/caselaws?id=25228 The High Court of Patna upheld the assessment orders made under the new taxpayer scheme, ruling in favor of the Revenue. The Court found the Commissioner of Income-tax acted within his powers under the Income-tax Act in setting aside the assessment orders and canceling the consolidated order under section 263(1). The Court dismissed challenges to the validity of the Commissioner's orders, stating they were not speculative but based on logical deductions. The Court directed the transmission of the order to the Assistant Registrar, Income-tax Appellate Tribunal, Patna, with no costs imposed. en-us Mon, 07 Mar 1988 00:00:00 +0530 Wed, 27 Jan 2010 12:37:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25228 The High Court of Patna upheld the assessment orders made under the new taxpayer scheme, ruling in favor of the Revenue. The Court found the Commissioner of Income-tax acted within his powers under the Income-tax Act in setting aside the assessment orders and canceling the consolidated order under section 263(1). The Court dismissed challenges to the validity of the Commissioner's orders, stating they were not speculative but based on logical deductions. The Court directed the transmission of the order to the Assistant Registrar, Income-tax Appellate Tribunal, Patna, with no costs imposed. Case-Laws Income Tax Mon, 07 Mar 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25228