https://www.taxtmi.com/caselaws?id=38057 The court allowed the appeal, setting aside the notice issued under Section 142(1) of the Income Tax Act, 1961, and the consequent assessment. It directed the Income Tax Officer to conduct a fresh assessment in accordance with the law and granted liberty to issue a new notice if necessary. The court stayed the order's operation for three months. en-us Mon, 08 May 1978 00:00:00 +0530 Fri, 02 Apr 2010 17:40:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=38057 The court allowed the appeal, setting aside the notice issued under Section 142(1) of the Income Tax Act, 1961, and the consequent assessment. It directed the Income Tax Officer to conduct a fresh assessment in accordance with the law and granted liberty to issue a new notice if necessary. The court stayed the order's operation for three months. Case-Laws Income Tax Mon, 08 May 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=38057