https://www.taxtmi.com/caselaws?id=38859 The High Court of Orissa, in a case involving the interpretation of section 256(2) of the Income-tax Act, 1961, ruled that the Appellate Tribunal erred in deeming a private limited company's accounts flawless despite significant objections raised by the Income-tax Officer. The Court directed a fresh hearing of the appeal, emphasizing the need for a thorough review of the discrepancies highlighted in the accounts. The decision underscored the importance of addressing all concerns raised during the assessment process to ensure a just outcome. en-us Tue, 30 Mar 1976 00:00:00 +0530 Sat, 10 Apr 2010 10:19:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=38859 The High Court of Orissa, in a case involving the interpretation of section 256(2) of the Income-tax Act, 1961, ruled that the Appellate Tribunal erred in deeming a private limited company's accounts flawless despite significant objections raised by the Income-tax Officer. The Court directed a fresh hearing of the appeal, emphasizing the need for a thorough review of the discrepancies highlighted in the accounts. The decision underscored the importance of addressing all concerns raised during the assessment process to ensure a just outcome. Case-Laws Income Tax Tue, 30 Mar 1976 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=38859