https://www.taxtmi.com/caselaws?id=56629 The Tribunal found the Commissioner of Income-tax's order under Section 263 unwarranted and unjustified, restoring the Assessing Officer's assessment. The Tribunal held that the firm did not hold shares in Jaiprakash Associates (P.) Ltd., dismissing the deemed dividend tax claim. It also ruled against the disallowance of interest and other errors made by the Commissioner, emphasizing the lack of proper examination and compliance opportunities provided to the appellant. The Tribunal criticized the Commissioner's order for lacking evidence, disregarding natural justice principles, and exceeding the scope of issues, ultimately allowing the appeal and setting aside the impugned order. en-us Thu, 23 Dec 1993 00:00:00 +0530 Sun, 06 Feb 2011 03:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56629 The Tribunal found the Commissioner of Income-tax's order under Section 263 unwarranted and unjustified, restoring the Assessing Officer's assessment. The Tribunal held that the firm did not hold shares in Jaiprakash Associates (P.) Ltd., dismissing the deemed dividend tax claim. It also ruled against the disallowance of interest and other errors made by the Commissioner, emphasizing the lack of proper examination and compliance opportunities provided to the appellant. The Tribunal criticized the Commissioner's order for lacking evidence, disregarding natural justice principles, and exceeding the scope of issues, ultimately allowing the appeal and setting aside the impugned order. Case-Laws Income Tax Thu, 23 Dec 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56629