https://www.taxtmi.com/caselaws?id=36912 The court ruled in favor of the assessee, holding that the Income Tax Officer (ITO) exceeded jurisdiction by adding Rs. 78,793 to the gross profit during reassessment for the assessment year 1959-60 under Section 150 of the Income Tax Act, 1961. The court emphasized that Section 150 is limited to giving effect to specific findings or directions of appellate or revisional authorities, and does not grant broad reassessment powers like Section 147(a). The ITO's actions were deemed unauthorized as they were unrelated to the appellate authority's specific direction, resulting in a judgment against the revenue, with costs awarded to the assessee. en-us Thu, 09 Aug 1979 00:00:00 +0530 Thu, 25 Mar 2010 12:51:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36912 The court ruled in favor of the assessee, holding that the Income Tax Officer (ITO) exceeded jurisdiction by adding Rs. 78,793 to the gross profit during reassessment for the assessment year 1959-60 under Section 150 of the Income Tax Act, 1961. The court emphasized that Section 150 is limited to giving effect to specific findings or directions of appellate or revisional authorities, and does not grant broad reassessment powers like Section 147(a). The ITO's actions were deemed unauthorized as they were unrelated to the appellate authority's specific direction, resulting in a judgment against the revenue, with costs awarded to the assessee. Case-Laws Income Tax Thu, 09 Aug 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36912