https://www.taxtmi.com/caselaws?id=56055 The Tribunal upheld the Commissioner's decision to conduct three separate assessments for an assessee-firm that underwent changes in constitution during the accounting period. The Tribunal emphasized the binding nature of the High Court's decision, rejecting the revenue's reference application to avoid unnecessary appeals. The Tribunal highlighted the administrative role of revenue officials in determining correct income and tax liabilities, aiming to minimize individual assessees' litigation. Despite a difference of opinion within the Tribunal, the Third Member resolved the issue by mandating a reference to the High Court based on precedent, aligning with established principles. en-us Sat, 29 Sep 1984 00:00:00 +0530 Wed, 01 Dec 2010 13:25:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56055 The Tribunal upheld the Commissioner's decision to conduct three separate assessments for an assessee-firm that underwent changes in constitution during the accounting period. The Tribunal emphasized the binding nature of the High Court's decision, rejecting the revenue's reference application to avoid unnecessary appeals. The Tribunal highlighted the administrative role of revenue officials in determining correct income and tax liabilities, aiming to minimize individual assessees' litigation. Despite a difference of opinion within the Tribunal, the Third Member resolved the issue by mandating a reference to the High Court based on precedent, aligning with established principles. Case-Laws Income Tax Sat, 29 Sep 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56055