1997 (10) TMI 14 - HC - Income Tax

Summary

The High Court of Madras ruled in favor of the assessee against the Commissioner of Agricultural Income-tax. The Commissioner's order to set aside the assessment was deemed incorrect as the assessee's application for cancellation was valid under section 19 of the Act. The court criticized the Commissioner for misunderstanding the law and ordered the impugned order to be set aside. The assessee was awarded costs of Rs. 1,500.