https://www.taxtmi.com/caselaws?id=65601 The Tribunal upheld the Commissioner of Income-tax's jurisdiction under section 263, finding the assessment order erroneous and prejudicial to revenue due to incorrect deductions. Rule 6AA was not applied retrospectively to the assessment year 1981-82. The Assessing Officer's inadequate enquiry and failure to apply relevant provisions correctly were criticized. The Commissioner's decision was deemed justified, emphasizing that rebate under section 35B should align with expenses from the previous year. The Tribunal upheld the Commissioner's directive to reframe the assessment order in compliance with the law and rules, rejecting the assessee's appeal. en-us Mon, 29 Aug 1988 00:00:00 +0530 Wed, 16 Feb 2011 18:25:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65601 The Tribunal upheld the Commissioner of Income-tax's jurisdiction under section 263, finding the assessment order erroneous and prejudicial to revenue due to incorrect deductions. Rule 6AA was not applied retrospectively to the assessment year 1981-82. The Assessing Officer's inadequate enquiry and failure to apply relevant provisions correctly were criticized. The Commissioner's decision was deemed justified, emphasizing that rebate under section 35B should align with expenses from the previous year. The Tribunal upheld the Commissioner's directive to reframe the assessment order in compliance with the law and rules, rejecting the assessee's appeal. Case-Laws Income Tax Mon, 29 Aug 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65601