https://www.taxtmi.com/caselaws?id=221356 The tribunal dismissed the appeal, ruling that the revision order under Section 263 was not time-barred. It held that the return processed under Section 143(1) does not constitute an order for Section 263 purposes. The reassessment order was deemed erroneous and prejudicial to revenue due to lack of proper assessment by the officer. Additionally, the tribunal affirmed that the Commissioner of Income Tax has jurisdiction to revise orders under Section 263 on issues not subject to reassessment. en-us Fri, 20 Jan 2012 00:00:00 +0530 Thu, 07 Mar 2013 10:19:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=221356 The tribunal dismissed the appeal, ruling that the revision order under Section 263 was not time-barred. It held that the return processed under Section 143(1) does not constitute an order for Section 263 purposes. The reassessment order was deemed erroneous and prejudicial to revenue due to lack of proper assessment by the officer. Additionally, the tribunal affirmed that the Commissioner of Income Tax has jurisdiction to revise orders under Section 263 on issues not subject to reassessment. Case-Laws Income Tax Fri, 20 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=221356