https://www.taxtmi.com/caselaws?id=2484 The High Court dismissed the Revenue's appeal under section 260A of the Income-tax Act, challenging the Income-tax Appellate Tribunal's decision regarding the purchase and sale of plots by the assessee. The Court held that the Commissioner's order invoking revisionary powers under section 263 was not sustainable after the Tribunal set aside the co-owner's case, which formed the basis of the Commissioner's decision. Emphasizing the Assessing Officer's prior consideration of the matter and the inconsistency of orders on the same sale by co-owners, the Court found no merit in the appeal and dismissed it without costs. en-us Fri, 10 Feb 2006 00:00:00 +0530 Thu, 31 Jul 2008 09:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=2484 The High Court dismissed the Revenue's appeal under section 260A of the Income-tax Act, challenging the Income-tax Appellate Tribunal's decision regarding the purchase and sale of plots by the assessee. The Court held that the Commissioner's order invoking revisionary powers under section 263 was not sustainable after the Tribunal set aside the co-owner's case, which formed the basis of the Commissioner's decision. Emphasizing the Assessing Officer's prior consideration of the matter and the inconsistency of orders on the same sale by co-owners, the Court found no merit in the appeal and dismissed it without costs. Case-Laws Income Tax Fri, 10 Feb 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=2484