https://www.taxtmi.com/caselaws?id=65943 The Tribunal held that the Commissioner lacked jurisdiction under section 263 to revise an assessment order based on the directions of the IAC under section 144B. As the ITO's order following the IAC's directions was not deemed erroneous, the Commissioner could not exercise revisional powers. Consequently, the Tribunal allowed the appeal by the assessee regarding the Commissioner's revision of the assessment order. The issue of entitlement to a weighted deduction under section 35B for ocean freight expenses became irrelevant for the current assessment year due to the Tribunal's decision on the jurisdictional issue. en-us Wed, 16 Mar 1983 00:00:00 +0530 Sat, 19 Feb 2011 13:45:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65943 The Tribunal held that the Commissioner lacked jurisdiction under section 263 to revise an assessment order based on the directions of the IAC under section 144B. As the ITO's order following the IAC's directions was not deemed erroneous, the Commissioner could not exercise revisional powers. Consequently, the Tribunal allowed the appeal by the assessee regarding the Commissioner's revision of the assessment order. The issue of entitlement to a weighted deduction under section 35B for ocean freight expenses became irrelevant for the current assessment year due to the Tribunal's decision on the jurisdictional issue. Case-Laws Income Tax Wed, 16 Mar 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65943