https://www.taxtmi.com/caselaws?id=56730 The Income-tax Appellate Tribunal (ITAT) rejected the cross objection and other related objections raised by the assessee in a case involving the jurisdiction of the ITAT to consider directions issued under section 144A of the Income Tax Act, 1961. The ITAT emphasized that a cross objection must pertain to a specific part of the Commissioner (Appeals) order to be valid. Additionally, the ITAT directed further examination by the Income Tax Officer (ITO) regarding the disallowed addition for wastage in production and discrepancy in the sale rate of scrap, stressing the importance of using market rates for assessment. en-us Fri, 13 Jan 1984 00:00:00 +0530 Mon, 06 Dec 2010 15:15:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56730 The Income-tax Appellate Tribunal (ITAT) rejected the cross objection and other related objections raised by the assessee in a case involving the jurisdiction of the ITAT to consider directions issued under section 144A of the Income Tax Act, 1961. The ITAT emphasized that a cross objection must pertain to a specific part of the Commissioner (Appeals) order to be valid. Additionally, the ITAT directed further examination by the Income Tax Officer (ITO) regarding the disallowed addition for wastage in production and discrepancy in the sale rate of scrap, stressing the importance of using market rates for assessment. Case-Laws Income Tax Fri, 13 Jan 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56730