https://www.taxtmi.com/caselaws?id=9554 The High Court of Gujarat ruled in favor of the assessee, agreeing with the Tribunal that the Commissioner of Income-tax lacked jurisdiction to pass an order under section 263 of the Income-tax Act for the assessment year 1986-87. The Court held that since the assessment was a summary one and the Commissioner was bound by the Central Board of Direct Taxes' directions, no remedial action was necessary, and the Commissioner could not exercise revisional powers in such cases. The judgment favored the assessee, and the reference was disposed of with no order as to costs. en-us Mon, 09 Jan 2006 00:00:00 +0530 Sat, 27 Jun 2009 12:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9554 The High Court of Gujarat ruled in favor of the assessee, agreeing with the Tribunal that the Commissioner of Income-tax lacked jurisdiction to pass an order under section 263 of the Income-tax Act for the assessment year 1986-87. The Court held that since the assessment was a summary one and the Commissioner was bound by the Central Board of Direct Taxes' directions, no remedial action was necessary, and the Commissioner could not exercise revisional powers in such cases. The judgment favored the assessee, and the reference was disposed of with no order as to costs. Case-Laws Income Tax Mon, 09 Jan 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9554