Clarifications of Board's Instruction No. 885.

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..... Ministry of Law. The queries raised are serially answered as under:- Query No. 1- Whether the assessments already completed following the decision of the Madras High Court in the case of Carborundum Co. should be revised in the light of the Board's Instruction No. 885 dated 27-9-1975? Reply- Even though the course of revising the assessments already completed in the light of the Board's Inst .....

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..... e fought out. In such a contingency, we shall be having the benefit of another judgment from a different High Court. Query No.3- Whether the pending assessments should be completed following the Board's Instruction No. 885. Reply- Till the judgment of the Supreme Court in the case of Carborundum Co. is received, the existing practice may be continued (i.e. Instruction No. 885 should be follo .....

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