https://www.taxtmi.com/caselaws?id=297537 The court quashed the notices and assessment orders issued under Section 263 of the Income Tax Act and Section 25(2) of the Wealth-tax Act for the years 1980-81 to 1986-87. It held that the original assessment orders, based on directives from the Commissioner of Income Tax, were not erroneous or prejudicial to the revenue. The court found the subsequent revisions by the Commissioner unsustainable, emphasizing that directives from a superior authority were binding. The rule was made absolute, and no costs were ordered. en-us Wed, 11 Jun 2008 00:00:00 +0530 Sun, 10 Dec 2023 19:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=297537 The court quashed the notices and assessment orders issued under Section 263 of the Income Tax Act and Section 25(2) of the Wealth-tax Act for the years 1980-81 to 1986-87. It held that the original assessment orders, based on directives from the Commissioner of Income Tax, were not erroneous or prejudicial to the revenue. The court found the subsequent revisions by the Commissioner unsustainable, emphasizing that directives from a superior authority were binding. The rule was made absolute, and no costs were ordered. Case-Laws Income Tax Wed, 11 Jun 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=297537