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2012 (12) TMI 903 - HC - Income TaxValidity of order u/s 263 - Block assessment - Chapter XIVB - Whether revision u/s 263 is possible for block assessment order when the same has been passed with previous approval of Commissioner. Held that:- Following the decision in case of Smt. Annapoornamma Chandrashekar (2011 (10) TMI 475 - KARNATAKA HIGH COURT) that the act of approval is not for a mere passing of an order u/s 158BC, but an approval which takes note of the subject matter of assessment and there is application of mind before granting the approval. When approval is given it means the approving authority has full knowledge about the contents of what is approved and confirmed authoritatively the order of the lower authority Therefore, on the approval given by the Commissioner, the order to be passed u/s 158BC and the Commissioner cannot exercise jurisdiction u/s 263 to revise the order of assessment passed under Chapter XIV B. Appeal decides in favour of assessee
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