1997 (7) TMI 99 - HC - Income Tax

Summary

The High Court of Delhi ruled that the Inspecting Assistant Commissioner had jurisdiction to raise the gross profit rate under section 144B of the Income-tax Act, 1961. The court also stated that the order of the Inspecting Assistant Commissioner could be treated as a consolidated order under sections 144B and 144A, subject to affording the assessee an opportunity to be heard. The court's decision was based on a Division Bench decision of the Karnataka High Court.