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2012 (7) TMI 946 - HC - Income TaxRevision u/s 263 - Held that:- CIT has no jurisdiction as a precondition for exercising power under Section 263 viz., the order is erroneous and it is prejudicial to the interest of the revenue were not satisfied. When the learned Tribunal found that it is neither erroneous nor prejudicial to the interest of the revenue this Court does not find any substantial question of law involved in this matter. If this matter is admitted for hearing this Court has to re-assess the fact finding of the order passed by the Assessing Officer which cannot be done by this Court in exercise of jurisdiction in this matter under Section 260A of the Income Tax Act.
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