https://www.taxtmi.com/caselaws?id=432288 A demand under section 156 of the Income-tax Act cannot survive where the assessment order accepts the returned income without modification and the notice of demand does not conform to that order. The tribunal noted that the computation sheet and demand must flow from a valid assessment order; if they do not accord with the assessed income recorded in the order, the demand is unsustainable. The remaining grounds were not examined because they were only academic. The demand raised in the computation sheet was vacated, and the issue was decided in favour of the assessee. en-us Wed, 28 Dec 2022 00:00:00 +0530 Mon, 02 Jan 2023 08:37:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=432288 A demand under section 156 of the Income-tax Act cannot survive where the assessment order accepts the returned income without modification and the notice of demand does not conform to that order. The tribunal noted that the computation sheet and demand must flow from a valid assessment order; if they do not accord with the assessed income recorded in the order, the demand is unsustainable. The remaining grounds were not examined because they were only academic. The demand raised in the computation sheet was vacated, and the issue was decided in favour of the assessee. Case-Laws Income Tax Wed, 28 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=432288