https://www.taxtmi.com/caselaws?id=214311 The High Court held that the Income-tax Appellate Tribunal erred in setting aside the Commissioner's order under section 263 of the Income-tax Act, 1961. The Court found that the Commissioner could proceed under section 263 if the Assessing Officer made the assessment without proper examination of books and without applying his mind, without the need for a final conclusion on taxability. The High Court ruled in favor of the Revenue, emphasizing the Commissioner's authority to direct a fresh assessment in such cases. en-us Tue, 28 Sep 2010 00:00:00 +0530 Tue, 26 Jun 2012 15:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=214311 The High Court held that the Income-tax Appellate Tribunal erred in setting aside the Commissioner's order under section 263 of the Income-tax Act, 1961. The Court found that the Commissioner could proceed under section 263 if the Assessing Officer made the assessment without proper examination of books and without applying his mind, without the need for a final conclusion on taxability. The High Court ruled in favor of the Revenue, emphasizing the Commissioner's authority to direct a fresh assessment in such cases. Case-Laws Income Tax Tue, 28 Sep 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=214311