1988 (8) TMI 79 - HC - Income Tax

Summary

The High Court of Patna ruled on questions of law arising from an application by the Revenue under section 256(1) of the Income-tax Act, 1961. The court held that the assessment orders were not erroneous, the Commissioner of Income-tax did not follow natural justice principles, and the impugned order was based on surmises. The court also stated that the Commissioner could not set aside an assessment order made under Section 143(1) and cancelled the consolidated order passed by the Commissioner. The court referred to previous decisions and ruled in favor of the Revenue.