https://www.taxtmi.com/caselaws?id=270206 The court concluded that the Commissioner lacked jurisdiction to issue the notice under Section 263 as the assessment orders had already resulted in the addition of Rs. 123 crore, which did not prejudice the revenue. The court quashed the notice, allowing the petition without the need for alternative remedies or further proceedings by the Commissioner. en-us Mon, 21 Dec 2015 00:00:00 +0530 Thu, 31 Dec 2015 15:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=270206 The court concluded that the Commissioner lacked jurisdiction to issue the notice under Section 263 as the assessment orders had already resulted in the addition of Rs. 123 crore, which did not prejudice the revenue. The court quashed the notice, allowing the petition without the need for alternative remedies or further proceedings by the Commissioner. Case-Laws Income Tax Mon, 21 Dec 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=270206