1991 (12) TMI 29 - GUJARAT HIGH COURT - Income Tax

Extract:
.......rcised. This decision of the Supreme Court has no application whatsoever so far as powers under section 263 are concerned. Therefore, with respect, the view taken by the Tribunal is patently erroneous and illegal. We, therefore, answer question No. 2 in the negative and against the assessee. Reference answered accordingly with no order as to costs.