https://www.taxtmi.com/caselaws?id=66655 The Tribunal upheld the Commissioner's jurisdiction under Section 263 of the Income-tax Act, 1961, and rejected the assessee's claim for the deduction of Rs. 30,500 paid to an arbitrator in earlier years. The Tribunal found that the Commissioner was legally competent to proceed under Section 263 and that the issue of the payment to the arbitrator was not considered in the appeal, allowing the Commissioner to act under Section 263. The appeal was dismissed in favor of the Commissioner. en-us Wed, 23 Mar 1988 00:00:00 +0530 Sat, 05 Mar 2011 13:54:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66655 The Tribunal upheld the Commissioner's jurisdiction under Section 263 of the Income-tax Act, 1961, and rejected the assessee's claim for the deduction of Rs. 30,500 paid to an arbitrator in earlier years. The Tribunal found that the Commissioner was legally competent to proceed under Section 263 and that the issue of the payment to the arbitrator was not considered in the appeal, allowing the Commissioner to act under Section 263. The appeal was dismissed in favor of the Commissioner. Case-Laws Income Tax Wed, 23 Mar 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66655