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2013 (10) TMI 99 - HC - Income TaxJurisdiction under Section 263 of the Act – Held that:- Commissioner assumes jurisdiction on the premise that the order is erroneous and had deprived the revenue of certain amount of taxes, which is a legitimate due by allowing a deduction otherwise not entitled for deduction - Commissioner assumed jurisdiction only on the Assessing Authority having not given reason for the passing of the order and therefore, it not necessary to interfere on this ground, more importantly the Tribunal directing the Assessing Officer for re-examining the matter in the light of the existing position of law. In that view of the matter, the Tribunal has not committed any error – Decided against the Assessee.
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