1997 (12) TMI 4 - SUPREME COURT - Income Tax

Head Note / Extract:
Notice issued by CIT under section 263(1) - Whether it was open to the Commissioner to take into consideration all the records available at the time of examination by him and thus to consider the valuation report submitted by the Department valuation cell subsequent to the passing of the assessment order and, so the order passed by him was legal - Held, yes.