High Court dismisses appeal, upholds Tribunal decision on Section 263 order

The High Court of Allahabad dismissed the appeal, holding that the Commissioner of Income Tax could not invoke Section 263 as some enquiry had been conducted by the Assessing Officer. The Tribunal's decision to set aside the Section 263 order was upheld as no substantial question of law arose for consideration.

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The High Court of Allahabad dismissed the appeal, stating that the Commissioner of Income Tax can only use Section 263 if no enquiry is conducted by the Assessing Officer. In this case, some enquiry was made, so Section 263 powers were not applicable. The Tribunal's decision to set aside the Section 263 order was justified. No substantial question of law arose for consideration.

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