https://www.taxtmi.com/caselaws?id=55427 The tribunal found that the Commissioner of Income Tax (CIT) erred in assuming jurisdiction under Section 263 of the IT Act, as the assessment was completed under Section 143(3) read with Section 144-B. The tribunal ruled in favor of the assessee on various issues, except for rectification under Section 80J. The tribunal held that the CIT's decision to set aside the entire assessment was unjustified, emphasizing the Income Tax Officer's (ITO) proper conduct. Ultimately, the tribunal allowed the appeal and set aside the CIT's order. en-us Fri, 21 Jun 1985 00:00:00 +0530 Sat, 27 Nov 2010 10:21:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55427 The tribunal found that the Commissioner of Income Tax (CIT) erred in assuming jurisdiction under Section 263 of the IT Act, as the assessment was completed under Section 143(3) read with Section 144-B. The tribunal ruled in favor of the assessee on various issues, except for rectification under Section 80J. The tribunal held that the CIT's decision to set aside the entire assessment was unjustified, emphasizing the Income Tax Officer's (ITO) proper conduct. Ultimately, the tribunal allowed the appeal and set aside the CIT's order. Case-Laws Income Tax Fri, 21 Jun 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55427