https://www.taxtmi.com/caselaws?id=60539 The Tribunal allowed the appeal, ruling in favor of the assessee firm, and cancelling the impugned assessment order. The Tribunal found that the Appellate Assistant Commissioner erred in setting aside the assessment and directing a fresh assessment based on revised returns. It emphasized the validity of revised returns under the law and highlighted that the time limit for completing assessments based on revised returns had expired. The Tribunal held that the original assessment should have been cancelled as illegal and void, supporting the assessee's position. en-us Wed, 21 May 1975 00:00:00 +0530 Wed, 05 Jan 2011 18:09:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60539 The Tribunal allowed the appeal, ruling in favor of the assessee firm, and cancelling the impugned assessment order. The Tribunal found that the Appellate Assistant Commissioner erred in setting aside the assessment and directing a fresh assessment based on revised returns. It emphasized the validity of revised returns under the law and highlighted that the time limit for completing assessments based on revised returns had expired. The Tribunal held that the original assessment should have been cancelled as illegal and void, supporting the assessee's position. Case-Laws Income Tax Wed, 21 May 1975 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60539