https://www.taxtmi.com/caselaws?id=27407 The court affirmed the Tribunal's decision to remit the case to the Income-tax Officer (ITO) for further investigation, finding it justified under Section 144 of the Income-tax Act, 1961. The court also upheld the validity and sustainability of the Tribunal's order, emphasizing the need for a thorough examination of account books for a proper income estimate. The court cited legal precedents supporting the Tribunal's authority to direct the ITO for fresh assessment even in best judgment assessments. Ultimately, the court concluded that such actions by the Tribunal and Appellate Assistant Commissioner were within their jurisdiction to prevent arbitrary assessments. en-us Tue, 19 Feb 1985 00:00:00 +0530 Fri, 12 Feb 2010 15:36:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27407 The court affirmed the Tribunal's decision to remit the case to the Income-tax Officer (ITO) for further investigation, finding it justified under Section 144 of the Income-tax Act, 1961. The court also upheld the validity and sustainability of the Tribunal's order, emphasizing the need for a thorough examination of account books for a proper income estimate. The court cited legal precedents supporting the Tribunal's authority to direct the ITO for fresh assessment even in best judgment assessments. Ultimately, the court concluded that such actions by the Tribunal and Appellate Assistant Commissioner were within their jurisdiction to prevent arbitrary assessments. Case-Laws Income Tax Tue, 19 Feb 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27407