https://www.taxtmi.com/caselaws?id=56004 The tribunal upheld the CIT's decision under section 263 of the IT Act, deeming it legally valid and justified. The assessment order was partially set aside for re-examination of expenses disallowed by the AO. The tribunal supported the CIT's decision to set aside the assessment order for further investigation regarding the correctness of the expenses related to cloth resetting business. Ultimately, the tribunal dismissed the appellant's appeal, emphasizing the importance of accurate assessments and protecting the interests of Revenue. en-us Thu, 11 Jun 1998 00:00:00 +0530 Wed, 01 Dec 2010 10:52:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56004 The tribunal upheld the CIT's decision under section 263 of the IT Act, deeming it legally valid and justified. The assessment order was partially set aside for re-examination of expenses disallowed by the AO. The tribunal supported the CIT's decision to set aside the assessment order for further investigation regarding the correctness of the expenses related to cloth resetting business. Ultimately, the tribunal dismissed the appellant's appeal, emphasizing the importance of accurate assessments and protecting the interests of Revenue. Case-Laws Income Tax Thu, 11 Jun 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56004