https://www.taxtmi.com/caselaws?id=29633 The High Court held that the Income Tax Officer had the jurisdiction to reassess the investment in construction after the original assessment was set aside entirely by the Appellate Assistant Commissioner. The Court emphasized that setting aside an assessment order gives the ITO the discretion to conduct a fresh assessment without limitations, allowing for a reassessment of the entire matter. The judgment underscores the importance of the order of remand in determining the scope of reassessment by tax authorities and establishes that when an assessment order is wholly set aside, the ITO can proceed with a fresh assessment as if there was no prior assessment. en-us Tue, 17 Mar 1981 00:00:00 +0530 Mon, 15 Mar 2010 12:18:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=29633 The High Court held that the Income Tax Officer had the jurisdiction to reassess the investment in construction after the original assessment was set aside entirely by the Appellate Assistant Commissioner. The Court emphasized that setting aside an assessment order gives the ITO the discretion to conduct a fresh assessment without limitations, allowing for a reassessment of the entire matter. The judgment underscores the importance of the order of remand in determining the scope of reassessment by tax authorities and establishes that when an assessment order is wholly set aside, the ITO can proceed with a fresh assessment as if there was no prior assessment. Case-Laws Income Tax Tue, 17 Mar 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=29633