https://www.taxtmi.com/caselaws?id=75644 The High Court of Punjab & Haryana upheld the decision of the Income Tax Appellate Tribunal for the assessment year 2001-02. The Court dismissed the Revenue's appeal challenging the Tribunal's decision regarding the revisional jurisdiction under Section 263 of the Income Tax Act, 1961. The Court emphasized the importance of proper consultations with higher authorities in finalizing surrendered income to avoid disputes over revisional jurisdiction. The judgment reaffirmed that the assessment was appropriately conducted with consultation, supporting the Tribunal's findings and dismissing the Revenue's appeal. en-us Tue, 16 Mar 2010 00:00:00 +0530 Fri, 30 Apr 2010 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=75644 The High Court of Punjab & Haryana upheld the decision of the Income Tax Appellate Tribunal for the assessment year 2001-02. The Court dismissed the Revenue's appeal challenging the Tribunal's decision regarding the revisional jurisdiction under Section 263 of the Income Tax Act, 1961. The Court emphasized the importance of proper consultations with higher authorities in finalizing surrendered income to avoid disputes over revisional jurisdiction. The judgment reaffirmed that the assessment was appropriately conducted with consultation, supporting the Tribunal's findings and dismissing the Revenue's appeal. Case-Laws Income Tax Tue, 16 Mar 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=75644