https://www.taxtmi.com/caselaws?id=28887 The court upheld the Commissioner's power to revise the Income Tax Officer's decision on changing the previous year for income tax assessment. It emphasized the importance of reasoned consideration and due process, quashing the fresh order passed without hearing the petitioners and directing a reconsideration with proper regard to the circumstances. The court rejected the application of promissory estoppel in tax matters, stating that statutory provisions override any estoppel arising from administrative decisions. en-us Wed, 22 Sep 1982 00:00:00 +0530 Mon, 08 Mar 2010 13:48:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28887 The court upheld the Commissioner's power to revise the Income Tax Officer's decision on changing the previous year for income tax assessment. It emphasized the importance of reasoned consideration and due process, quashing the fresh order passed without hearing the petitioners and directing a reconsideration with proper regard to the circumstances. The court rejected the application of promissory estoppel in tax matters, stating that statutory provisions override any estoppel arising from administrative decisions. Case-Laws Income Tax Wed, 22 Sep 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28887