https://www.taxtmi.com/article/detailed?id=11110 Principles of estoppel do not apply in income tax proceedings; the Assessing Officer must determine the correct income on merits, place that income in the correct assessment year within statutory limitations, and should not treat admissions or surrenders by the assessee's representative as conclusive, but instead ignore such surrenders and decide substantive issues afresh. en-us Wed, 15 Feb 2023 08:56:48 +0530 Wed, 15 Feb 2023 08:56:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=11110 Principles of estoppel do not apply in income tax proceedings; the Assessing Officer must determine the correct income on merits, place that income in the correct assessment year within statutory limitations, and should not treat admissions or surrenders by the assessee's representative as conclusive, but instead ignore such surrenders and decide substantive issues afresh. Articles Income Tax Wed, 15 Feb 2023 08:56:48 +0530 https://www.taxtmi.com/article/detailed?id=11110