https://www.taxtmi.com/caselaws?id=70113 The Tribunal held that the Commissioner of Income-tax lacked jurisdiction to invoke section 263 in the case. The assessment was deemed not erroneous or prejudicial to revenue interests, as the Assessing Officer had adequately examined the secret commission payments. The majority decision favored the assessee, allowing their appeal. en-us Tue, 20 May 1997 00:00:00 +0530 Sat, 24 Mar 2012 13:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70113 The Tribunal held that the Commissioner of Income-tax lacked jurisdiction to invoke section 263 in the case. The assessment was deemed not erroneous or prejudicial to revenue interests, as the Assessing Officer had adequately examined the secret commission payments. The majority decision favored the assessee, allowing their appeal. Case-Laws Income Tax Tue, 20 May 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70113