1998 (4) TMI 57 - MADRAS HIGH COURT - Income Tax

Extract:
.......ssioner had exercised the powers and assumed the jurisdiction property and the Tribunal was not correct in holding that the Commissioner lacked the jurisdiction under section 263 of the Act. In the result, we answer questions Nos. 1 and 3 also in the negative, and in favour of the Revenue. The Revenue will be entitled to costs of Rs. 1,000 one set.