https://www.taxtmi.com/caselaws?id=65031 The Tribunal found that the Commissioner lacked authority to revise the order made by the IAC under section 263 of the Income-tax Act, 1961. The Tribunal held that the Commissioner could only exercise powers under section 263 in relation to specific orders mentioned in the Act, excluding orders made by the IAC. The Tribunal emphasized that even if the Explanation to the section was considered, it was not retrospective and did not confer the ITO's powers upon the IAC. Therefore, the Tribunal deemed the Commissioner's order null and void, ultimately allowing the appeal due to lack of jurisdiction under section 263. en-us Fri, 28 Feb 1986 00:00:00 +0530 Wed, 01 Jun 2016 10:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65031 The Tribunal found that the Commissioner lacked authority to revise the order made by the IAC under section 263 of the Income-tax Act, 1961. The Tribunal held that the Commissioner could only exercise powers under section 263 in relation to specific orders mentioned in the Act, excluding orders made by the IAC. The Tribunal emphasized that even if the Explanation to the section was considered, it was not retrospective and did not confer the ITO's powers upon the IAC. Therefore, the Tribunal deemed the Commissioner's order null and void, ultimately allowing the appeal due to lack of jurisdiction under section 263. Case-Laws Income Tax Fri, 28 Feb 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65031