https://www.taxtmi.com/caselaws?id=211757 The High Court upheld the Commissioner's exercise of revisional jurisdiction under Section 263 of the Income Tax Act. The Court determined that the Commissioner rectified a factual error made by the Assessing Officer and did not overstep by substituting his opinion. It was held that the availability of alternative remedies like appeal did not preclude the Commissioner from correcting clear errors in assessment. Consequently, the Court allowed the appeal, set aside the Single Judge's order, and dismissed the writ petition, affirming the validity of the Commissioner's decision under Section 263. en-us Mon, 13 Feb 2012 00:00:00 +0530 Fri, 17 Aug 2012 14:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=211757 The High Court upheld the Commissioner's exercise of revisional jurisdiction under Section 263 of the Income Tax Act. The Court determined that the Commissioner rectified a factual error made by the Assessing Officer and did not overstep by substituting his opinion. It was held that the availability of alternative remedies like appeal did not preclude the Commissioner from correcting clear errors in assessment. Consequently, the Court allowed the appeal, set aside the Single Judge's order, and dismissed the writ petition, affirming the validity of the Commissioner's decision under Section 263. Case-Laws Income Tax Mon, 13 Feb 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=211757