https://www.taxtmi.com/caselaws?id=28366 The High Court upheld the Commissioner's action under section 263 of the Income Tax Act, setting aside the Income Tax Officer's order and directing a fresh assessment. The Court emphasized the clear terms of the lease agreement that absolved the owner from bearing repair costs, ruling in favor of the Department and against the Tribunal's decision to overturn the Commissioner's order. The legal question regarding repair responsibilities in the lease agreement was resolved in favor of the Department, with no costs awarded. en-us Thu, 06 May 1982 00:00:00 +0530 Mon, 22 Feb 2010 10:16:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28366 The High Court upheld the Commissioner's action under section 263 of the Income Tax Act, setting aside the Income Tax Officer's order and directing a fresh assessment. The Court emphasized the clear terms of the lease agreement that absolved the owner from bearing repair costs, ruling in favor of the Department and against the Tribunal's decision to overturn the Commissioner's order. The legal question regarding repair responsibilities in the lease agreement was resolved in favor of the Department, with no costs awarded. Case-Laws Income Tax Thu, 06 May 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28366