TMI Blog2009 (7) TMI 27X X X X Extracts X X X X X X X X Extracts X X X X ..... ave been filed on or before or after 1.6.1988 and, thus, the present case was covered by the said amendment. Judgments of Hon’ble the Supreme Court in Commissioner of Income Tax Vs. Shri Arbuda Mills Ltd. [2008 -TMI - 5650 - SUPREME Court] and judgment of Bombay High Court in Commissioner of Income Tax Vs. Ratilal Bacharilal and sons [2008 -TMI - 9547 - BOMBAY High Court] followed. - once order of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... The assessee is running a rolling mill and claimed investment allowance in respect of weight bridge under Section 32-A of the Income Tax Act, 1961 (in short, 'the Act'), which was allowed by the assessing authority. Against the order of assessment, appeal of the assessee was decided. Thereafter, the Commissioner of Income Tax invoked his jurisdiction under Section 263 of the Act and set aside th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... der of assessment had been appealed against, the same could not have been thereafter subjected to revision under Section 263 of the Act. 4. We have heard learned counsel for the parties. 5. Learned counsel for the revenue submits that there were earlier two views on the subject and in the clarificatory amendment in the year 1989, it was provided that power under Section 263 of the Act could ..... X X X X Extracts X X X X X X X X Extracts X X X X
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