https://www.taxtmi.com/caselaws?id=66904 The Tribunal dismissed the assessee's appeal, affirming the Commissioner's order to revise the assessment. The Tribunal found that the Assessing Officer's failure to apply section 115J and the incorrect interpretation of section 205 of the Companies Act justified the Commissioner's invocation of section 263. The Tribunal emphasized the importance of ensuring that the legitimate revenue due to the state is realized, supporting the Commissioner's decision to set aside the assessment order. en-us Wed, 09 Dec 1998 00:00:00 +0530 Tue, 08 Mar 2011 10:55:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66904 The Tribunal dismissed the assessee's appeal, affirming the Commissioner's order to revise the assessment. The Tribunal found that the Assessing Officer's failure to apply section 115J and the incorrect interpretation of section 205 of the Companies Act justified the Commissioner's invocation of section 263. The Tribunal emphasized the importance of ensuring that the legitimate revenue due to the state is realized, supporting the Commissioner's decision to set aside the assessment order. Case-Laws Income Tax Wed, 09 Dec 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66904