https://www.taxtmi.com/caselaws?id=38409 The Tribunal upheld the decision to set aside the Commissioner's order under section 263 of the Income-tax Act, as the Commissioner lacked adequate reasoning and evidence for deeming the original assessment as erroneous. The failure to address objections raised by the assessee rendered the order improper. The High Court affirmed the Tribunal's decision without costs, emphasizing the necessity for clear justification in such cases. en-us Thu, 09 Dec 1976 00:00:00 +0530 Tue, 06 Apr 2010 10:49:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=38409 The Tribunal upheld the decision to set aside the Commissioner's order under section 263 of the Income-tax Act, as the Commissioner lacked adequate reasoning and evidence for deeming the original assessment as erroneous. The failure to address objections raised by the assessee rendered the order improper. The High Court affirmed the Tribunal's decision without costs, emphasizing the necessity for clear justification in such cases. Case-Laws Income Tax Thu, 09 Dec 1976 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=38409