Directions issued by superior authorities are binding on Assessing Officer

Steel Authority of India Ltd Vs ACIT (ITAT Delhi)

ITAT Delhi held that directions issued by a superior appellate authorities are binding on the Assessing Officers and Assessing Officer is required to strictly follow the directions of the appellate authorities and decide the issue as per the directions of the appellate authorities.

Facts- Assessee is a company stated to be engaged in the business of manufacturing and sale of steel and steel products etc. Assessee electronically filed its original retur

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