https://www.taxtmi.com/caselaws?id=56115 The Tribunal held that the assessment order was not barred by limitations, emphasizing the necessity of the Inspecting Assistant Commissioner's exercise of concurrent jurisdiction for section 144B inapplicability. It differentiated procedural irregularities from jurisdictional matters, directing separate consideration. The disallowance of interest payments was upheld, except for a specific payment issue referred back for review. The disallowed machinery repairs expenses were to be reevaluated based on previous disallowances. The appeal was partly allowed, addressing various legal and factual aspects comprehensively. en-us Thu, 08 Oct 1992 00:00:00 +0530 Wed, 01 Dec 2010 16:30:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56115 The Tribunal held that the assessment order was not barred by limitations, emphasizing the necessity of the Inspecting Assistant Commissioner's exercise of concurrent jurisdiction for section 144B inapplicability. It differentiated procedural irregularities from jurisdictional matters, directing separate consideration. The disallowance of interest payments was upheld, except for a specific payment issue referred back for review. The disallowed machinery repairs expenses were to be reevaluated based on previous disallowances. The appeal was partly allowed, addressing various legal and factual aspects comprehensively. Case-Laws Income Tax Thu, 08 Oct 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56115