https://www.taxtmi.com/caselaws?id=203427 The High Court allowed both appeals by reversing the Tribunal's decisions and reinstating the Commissioner's orders under section 263 in both cases. The Court held that the Commissioner had the power to revise not only original assessments but also revised assessments or rectification orders if found to be erroneous or prejudicial to revenue. Additionally, the Court ruled that the Tribunal lacked the authority to assess the validity of a revised assessment while reviewing a section 263 order, emphasizing that the validity of such assessments cannot be challenged in appeals against section 263 orders. en-us Tue, 16 Nov 2010 00:00:00 +0530 Thu, 14 Jun 2012 17:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=203427 The High Court allowed both appeals by reversing the Tribunal's decisions and reinstating the Commissioner's orders under section 263 in both cases. The Court held that the Commissioner had the power to revise not only original assessments but also revised assessments or rectification orders if found to be erroneous or prejudicial to revenue. Additionally, the Court ruled that the Tribunal lacked the authority to assess the validity of a revised assessment while reviewing a section 263 order, emphasizing that the validity of such assessments cannot be challenged in appeals against section 263 orders. Case-Laws Income Tax Tue, 16 Nov 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=203427