https://www.taxtmi.com/caselaws?id=189202 The High Court held in favor of the Revenue and against the assessee regarding the jurisdiction of the Commissioner of Income Tax (CIT) under section 263. The Court determined that the CIT had jurisdiction as the issue considered was not part of the appeal before the first appellate authority. Additionally, the Court ruled in favor of the assessee and against the Revenue concerning the effective date of a notification for purchase tax liability, stating that the liability did not fall within the relevant accounting period. The Court's decision clarified these issues and disposed of the reference accordingly. en-us Wed, 17 Nov 1993 00:00:00 +0530 Sat, 31 Dec 2016 13:17:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=189202 The High Court held in favor of the Revenue and against the assessee regarding the jurisdiction of the Commissioner of Income Tax (CIT) under section 263. The Court determined that the CIT had jurisdiction as the issue considered was not part of the appeal before the first appellate authority. Additionally, the Court ruled in favor of the assessee and against the Revenue concerning the effective date of a notification for purchase tax liability, stating that the liability did not fall within the relevant accounting period. The Court's decision clarified these issues and disposed of the reference accordingly. Case-Laws Income Tax Wed, 17 Nov 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=189202