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<h1>Court overturns Tribunal decision canceling Income-tax Officer's order; Revenue awarded costs.</h1> <h3>Commissioner Of Income-Tax Versus Vijaya Productions (P.) Ltd.</h3> The High Court held that the Appellate Tribunal erred in canceling the Income-tax Officer's order as infructuous. The Supreme Court upheld the validity of ... Appeal To Supreme Court, Rectification Of Mistake The High Court of Madras ruled that the Appellate Tribunal was wrong in canceling the Income-tax Officer's order under section 154 as infructuous. The Supreme Court upheld the validity of the Income-tax Officer's order withdrawing development rebate due to the conversion of the assessee's business into a partnership firm. The Tribunal's decision was overturned, and the Revenue was awarded costs of Rs. 1,000.