Supreme Court Disagrees with High Court, Rules in Favor of Revenue on Income-tax Jurisdiction

The Supreme Court allowed the appeal, disagreeing with the High Court's decision not to seek a reference on the Commissioner of Income-tax's jurisdiction under section 263 of the Income-tax Act. The court ruled in favor of the Revenue, answering the questions negatively. The appeal was allowed, and no costs were awarded.

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The Supreme Court allowed the appeal in a case where the High Court declined to call for a reference regarding the jurisdiction of the Commissioner of Income-tax under section 263 of the Income-tax Act. The court answered the questions raised in the negative and in favor of the Revenue. The appeal was allowed with no order as to costs. (Case citation: 1996 (12) TMI 8 - Supreme Court)

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