https://www.taxtmi.com/caselaws?id=60675 The Tribunal allowed the appeal, setting aside the assessments under Chapter XIVB while granting the revenue the option to proceed under other provisions of the Act. The Tribunal concluded that the assessments made under Chapter XIVB were invalid due to the actions being initiated before the relevant statutory provisions came into effect. The judgment emphasizes the importance of procedural compliance and the chronological sequence of events in determining the validity of assessments under specific statutory frameworks. en-us Fri, 25 Jan 2002 00:00:00 +0530 Fri, 07 Jan 2011 15:32:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60675 The Tribunal allowed the appeal, setting aside the assessments under Chapter XIVB while granting the revenue the option to proceed under other provisions of the Act. The Tribunal concluded that the assessments made under Chapter XIVB were invalid due to the actions being initiated before the relevant statutory provisions came into effect. The judgment emphasizes the importance of procedural compliance and the chronological sequence of events in determining the validity of assessments under specific statutory frameworks. Case-Laws Income Tax Fri, 25 Jan 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60675