https://www.taxtmi.com/caselaws?id=256992 The Court dismissed the Revenue's appeal challenging the Tribunal's order on the Commissioner of Income Tax's jurisdiction to revise an assessment under Section 263 of the Income Tax Act. The Court found that due to the doctrine of merger, the CIT had no authority to issue the notice under Section 263 as the assessment order merged with the CIT(A)'s order. Additionally, the Court noted a retrospective amendment to Section 80HHC allowed for set off of losses against export incentives, rendering the appeal moot as the outcome would remain the same. No costs were awarded in the disposition of the appeal. en-us Fri, 06 Feb 2015 00:00:00 +0530 Fri, 27 Feb 2015 10:31:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=256992 The Court dismissed the Revenue's appeal challenging the Tribunal's order on the Commissioner of Income Tax's jurisdiction to revise an assessment under Section 263 of the Income Tax Act. The Court found that due to the doctrine of merger, the CIT had no authority to issue the notice under Section 263 as the assessment order merged with the CIT(A)'s order. Additionally, the Court noted a retrospective amendment to Section 80HHC allowed for set off of losses against export incentives, rendering the appeal moot as the outcome would remain the same. No costs were awarded in the disposition of the appeal. Case-Laws Income Tax Fri, 06 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=256992