https://www.taxtmi.com/caselaws?id=219888 The High Court held that the Commissioner of Income Tax could not exercise revisional jurisdiction under Section 263 for an assessment order passed under Section 158BC that had already received approval under Section 158BG. The Court emphasized the conclusive nature of the approval process and set aside the Tribunal's decision, allowing the assessee's appeal. The Tax Case (Appeal) was allowed, and the Commissioner's revisional action under Section 263 was invalidated, with no costs awarded. en-us Tue, 11 Sep 2012 00:00:00 +0530 Fri, 31 Jan 2014 11:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=219888 The High Court held that the Commissioner of Income Tax could not exercise revisional jurisdiction under Section 263 for an assessment order passed under Section 158BC that had already received approval under Section 158BG. The Court emphasized the conclusive nature of the approval process and set aside the Tribunal's decision, allowing the assessee's appeal. The Tax Case (Appeal) was allowed, and the Commissioner's revisional action under Section 263 was invalidated, with no costs awarded. Case-Laws Income Tax Tue, 11 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=219888