https://www.taxtmi.com/caselaws?id=56665 The tribunal found that the CIT (Appeals) erred in setting aside the assessment order based on section 129 and restored the matter for rehearing. The tribunal emphasized the binding nature of the IAC's directions under section 144B, stating that section 129 does not apply once the draft assessment order is forwarded to the IAC. The appeal by the revenue was allowed, and the cross-objections by the assessee were dismissed. en-us Fri, 29 Jan 1988 00:00:00 +0530 Mon, 06 Dec 2010 11:54:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56665 The tribunal found that the CIT (Appeals) erred in setting aside the assessment order based on section 129 and restored the matter for rehearing. The tribunal emphasized the binding nature of the IAC's directions under section 144B, stating that section 129 does not apply once the draft assessment order is forwarded to the IAC. The appeal by the revenue was allowed, and the cross-objections by the assessee were dismissed. Case-Laws Income Tax Fri, 29 Jan 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56665