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2007 (9) TMI 429 - HC - Income TaxRevision order - Whether the Income-tax Appellate Tribunal erred in holding that the Commissioner had no jurisdiction u/s 263 to revise the order made by the IAC (Asstt.) taking into consideration that both the orders that is of the IAC and of the Commissioner u/s 263 were made before the insertion of the Explanation to section 263(1) by the Taxation Laws (Amendment) Act, 1984 with effect from October 1, 1984 - Held that: the differences in the language used in the 1984 Amendment Act as well as in the Finance Act, 1989, there can be no doubt that the amendment to section 263 of the Act, was with effect from 1st October, 1984 - Thus, decided in favour of the assessee and against the Revenue.
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