2002 (12) TMI 13 - SC - Income Tax

Revenue contend that within the State they could refuse to follow the jurisdictional High Court's decision - held that If at the time when the power u/s 263 was exercised the decision of the jurisdictional HC had not been set aside by this court or at least had not been appealed from, it would not be open to the Commissioner to have proceeded on the basis that the HC was erroneous and that the AO who had acted in terms of the High Court's decision had acted erroneously.