https://www.taxtmi.com/caselaws?id=259741 The High Court interpreted Section 263 of the Income Tax Act regarding the Commissioner's intervention in assessment proceedings. The Court held that the Commissioner's power extends to any record relating to proceedings under the Act, not limited to the assessee's case. The judgment favored the revenue, quashing previous orders and directing a review of appeals against the Commissioner's order. The Court affirmed the broad interpretation of the term "record" and upheld the Commissioner's authority to intervene based on the correctness of the Assessing Officer's order, providing clarity on the law's application in assessment proceedings. en-us Mon, 30 Mar 2015 00:00:00 +0530 Tue, 19 May 2015 18:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=259741 The High Court interpreted Section 263 of the Income Tax Act regarding the Commissioner's intervention in assessment proceedings. The Court held that the Commissioner's power extends to any record relating to proceedings under the Act, not limited to the assessee's case. The judgment favored the revenue, quashing previous orders and directing a review of appeals against the Commissioner's order. The Court affirmed the broad interpretation of the term "record" and upheld the Commissioner's authority to intervene based on the correctness of the Assessing Officer's order, providing clarity on the law's application in assessment proceedings. Case-Laws Income Tax Mon, 30 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=259741