https://www.taxtmi.com/caselaws?id=204166 The court held that the Commissioner lacked jurisdiction under section 263 of the Income-tax Act to revise the order made by the IAC before the insertion of the Explanation in 1984. The court ruled in favor of the assessee, disposing of the reference in favor of the assessee and against the Revenue. en-us Thu, 06 Sep 2007 00:00:00 +0530 Thu, 20 Dec 2012 11:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=204166 The court held that the Commissioner lacked jurisdiction under section 263 of the Income-tax Act to revise the order made by the IAC before the insertion of the Explanation in 1984. The court ruled in favor of the assessee, disposing of the reference in favor of the assessee and against the Revenue. Case-Laws Income Tax Thu, 06 Sep 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=204166