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of <h1>High Court affirms Tribunal's decision to set aside Commissioner's order under Income Tax Act</h1> The High Court of Bombay upheld the Tribunal's decision to set aside the Commissioner of Income Tax's order under section 263 of the Income Tax Act for ... Appeal admitted on the following question of law: “ Whether on the facts and in the circumstances of the case and in law, the Tribunal was right in setting aside the order of the Commissioner of Income tax passed u/s. 263 of the Income tax passed u/s. 263 of the Income tax Act?” The High Court of Bombay heard an appeal related to Assessment Year 2001-02. The appeal questioned the Tribunal's decision to set aside the order of the Commissioner of Income tax under section 263 of the Income Tax Act.
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