Commissioner's jurisdiction upheld to revise summary assessment under Income-tax Act, 1961; Tribunal decision legally unsustainable.

The High Court of Madras held that the Commissioner has jurisdiction to revise a summary assessment order under section 263 of the Income-tax Act, 1961. The Appellate Tribunal's decision canceling the Commissioner's order was found legally unsustainable, and the Tribunal was instructed to reconsider the case on its merits.

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The High Court of Madras ruled that the Commissioner has jurisdiction to revise a summary assessment order under section 263 of the Income-tax Act, 1961. The Appellate Tribunal's decision to cancel the Commissioner's order was deemed legally unsustainable. The Tribunal was directed to reconsider the case on its merits.

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