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2011 (10) TMI 475 - HC - Income TaxWhether revision u/s 263 is possible for block assessment order when the same has been passed with previous approval of Commissioner - search conducted on 12.12.1995 - Held That:- When commissioner has looked into record, applied his mind and agreed with the order of the Assessing Authority, this power of revision under Section 263 is not available to him after according approval to such order. therefore. Tribunal was justified in holding that Commissioner had no jurisdiction to exercise his power u/s 263 in respect of searches initiated prior to 1st day of January 1997 - Decided against Revenue.
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