https://www.taxtmi.com/caselaws?id=305467 The Court allowed the appeal filed by the Department despite a 30-day delay in filing. The Tribunal's decision to set aside the protective assessment using the Bright Line Method was upheld, emphasizing the unsustainability of the method in law. The Court rejected the Assessing Officer's protective assessment, citing previous rulings. The Tribunal's decision in a related case was pivotal, highlighting the binding nature of judicial precedents. The legality of the Tribunal's observation was left for future consideration. Ultimately, the appeal was dismissed as no legal question arose, particularly due to the rejection of the Bright Line Method. en-us Fri, 11 Oct 2019 00:00:00 +0530 Mon, 05 Dec 2022 21:03:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=305467 The Court allowed the appeal filed by the Department despite a 30-day delay in filing. The Tribunal's decision to set aside the protective assessment using the Bright Line Method was upheld, emphasizing the unsustainability of the method in law. The Court rejected the Assessing Officer's protective assessment, citing previous rulings. The Tribunal's decision in a related case was pivotal, highlighting the binding nature of judicial precedents. The legality of the Tribunal's observation was left for future consideration. Ultimately, the appeal was dismissed as no legal question arose, particularly due to the rejection of the Bright Line Method. Case-Laws Income Tax Fri, 11 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=305467