https://www.taxtmi.com/caselaws?id=170923 The High Court clarified that the Commissioner could revise an assessment order passed by the ITO following directions from the IAC under section 144B if found erroneous and prejudicial to revenue. The Court found the ITO had adequately enquired into the sale of silver utensils, leading to the conclusion that the provisions of section 263 could not be invoked. Despite an error in the Tribunal's legal interpretation, the factual finding regarding the ITO's enquiries remained unchallenged. Consequently, the Commissioner's decision to revise the ITO's order was deemed erroneous, and no costs were awarded. en-us Mon, 05 Mar 1990 00:00:00 +0530 Tue, 30 Jun 2015 18:07:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=170923 The High Court clarified that the Commissioner could revise an assessment order passed by the ITO following directions from the IAC under section 144B if found erroneous and prejudicial to revenue. The Court found the ITO had adequately enquired into the sale of silver utensils, leading to the conclusion that the provisions of section 263 could not be invoked. Despite an error in the Tribunal's legal interpretation, the factual finding regarding the ITO's enquiries remained unchallenged. Consequently, the Commissioner's decision to revise the ITO's order was deemed erroneous, and no costs were awarded. Case-Laws Income Tax Mon, 05 Mar 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=170923