https://www.taxtmi.com/caselaws?id=10974 The High Court of Allahabad upheld the Commissioner of Income-tax's power to revise orders under section 263, disallowing a gratuity deduction for the wrong assessment year. The court ruled in favor of the Revenue, citing amendments empowering revision based on directions and Circular directives, despite the respondent-assessee's arguments relying on previous appeals and Circulars limiting appeals for amounts under Rs. 2 lakhs. The court's decision aligned with apex court judgments extending the Commissioner's revision powers, emphasizing compliance with Circular directives and dismissing the respondent's challenge. No costs were awarded in this case. en-us Thu, 26 Aug 2004 00:00:00 +0530 Tue, 28 Jul 2009 17:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10974 The High Court of Allahabad upheld the Commissioner of Income-tax's power to revise orders under section 263, disallowing a gratuity deduction for the wrong assessment year. The court ruled in favor of the Revenue, citing amendments empowering revision based on directions and Circular directives, despite the respondent-assessee's arguments relying on previous appeals and Circulars limiting appeals for amounts under Rs. 2 lakhs. The court's decision aligned with apex court judgments extending the Commissioner's revision powers, emphasizing compliance with Circular directives and dismissing the respondent's challenge. No costs were awarded in this case. Case-Laws Income Tax Thu, 26 Aug 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10974