https://www.taxtmi.com/caselaws?id=434719 The court directed the CIT to reevaluate the assessed income and gross profit rate in a case challenging an order under Section 220(6) of the Income Tax Act for AY 2020-2021. The court instructed no coercive action against the petitioner pending the CIT's decision, allowing legal remedies if adverse. The petitioner's contentions on historical profit rates were to be considered, with the court emphasizing a fair assessment without bias. The writ petition was disposed of with instructions for parties to act on the court's order after digital signing. en-us Tue, 14 Feb 2023 00:00:00 +0530 Thu, 02 Mar 2023 08:17:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=434719 The court directed the CIT to reevaluate the assessed income and gross profit rate in a case challenging an order under Section 220(6) of the Income Tax Act for AY 2020-2021. The court instructed no coercive action against the petitioner pending the CIT's decision, allowing legal remedies if adverse. The petitioner's contentions on historical profit rates were to be considered, with the court emphasizing a fair assessment without bias. The writ petition was disposed of with instructions for parties to act on the court's order after digital signing. Case-Laws Income Tax Tue, 14 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=434719