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2012 (11) TMI 48 - HC - Income TaxRevisionary powers under section 263 - conditions for exercise of revisionary powers – Held that:- It cannot be said that Commissioner lacks jurisdiction in invoking his revisional jurisdiction - order of the Commissioner may be wrong. But it does not necessarily mean that all wrong orders are situations invoking want of jurisdiction - Tribunal in its wisdom remanded the matter to the original authority and it is only after the assessing authority opines one way or other there may be scope for further development - appeal is dismissed
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