https://www.taxtmi.com/caselaws?id=65880 The Tribunal upheld the Commissioner's revisionary order under section 263, stating that the valuation report, even if received after the assessment, could be considered part of the record for revisionary purposes. The Tribunal dismissed the assessee's appeal, finding no grounds against the revisionary order. It was emphasized that the definition of "record" under section 263 is broad and retrospective, encompassing all assessment-related proceedings, thereby supporting the Commissioner's authority to revise the assessment based on the valuation report. en-us Fri, 31 Jan 1992 00:00:00 +0530 Sat, 19 Feb 2011 10:34:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65880 The Tribunal upheld the Commissioner's revisionary order under section 263, stating that the valuation report, even if received after the assessment, could be considered part of the record for revisionary purposes. The Tribunal dismissed the assessee's appeal, finding no grounds against the revisionary order. It was emphasized that the definition of "record" under section 263 is broad and retrospective, encompassing all assessment-related proceedings, thereby supporting the Commissioner's authority to revise the assessment based on the valuation report. Case-Laws Income Tax Fri, 31 Jan 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65880