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2010 (11) TMI 795 - HC - Income TaxAssessment - Tribunal by order and Cross-Objection and other connected matters, after going through the accounts of ICA and KSD produced by the Assessee opined that in the revised returns filed by the Assessee, the income of ICA and KSD were wrongly included and that the income of the said entities could not be considered as income of the assessee. It also opined that in case of Transcorp Associates - Delhi, Megacorp-Bombay and Intercorp-Bombay should not be computed as the income of the assessee and the income of the said firms to be excluded from the scrutiny while reassessing the income of the assessee – Held that:- Tribunal directed for redoing the assessment as directed by the C.I.T earlier, there should not have been a fresh assessment orders. By virtue of the orders in the [2008 (10) TMI 326 - KARNATAKA HIGH COURT] there cannot be any order which could be enforced order than the order dated 14.10.2008. The authorities concerned have a mandate to follow the directions of this court as this order 2008 (10) TMI 326 - KARNATAKA HIGH COURT has reached finality now. In that view of the matter, neither the assessment order passed on the second occasion nor the orders of the C.I.T nor the orders of the ITAT in the second round of litigation will hold good, authorities concerned directed to redo the entire assessment in the light of the observations made by this Court in the order dated 14.10.2008, appeal stands disposed of accordingly
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