https://www.taxtmi.com/caselaws?id=11697 Section 263 of the Income-tax Act was held to be of wide amplitude and capable of revising a summary assessment made under section 143(1)(a), because the provision contains no words excluding such orders from its scope. Circular No. 176 did not curtail the statutory revisional power; at most, it noted a restriction against revision where the tax effect is negligible. The Commissioner therefore had jurisdiction to invoke section 263 against the summary assessment, and the Tribunal's contrary view was not legally sustainable. en-us Wed, 13 Nov 2002 00:00:00 +0530 Sat, 06 Feb 2010 11:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=11697 Section 263 of the Income-tax Act was held to be of wide amplitude and capable of revising a summary assessment made under section 143(1)(a), because the provision contains no words excluding such orders from its scope. Circular No. 176 did not curtail the statutory revisional power; at most, it noted a restriction against revision where the tax effect is negligible. The Commissioner therefore had jurisdiction to invoke section 263 against the summary assessment, and the Tribunal's contrary view was not legally sustainable. Case-Laws Income Tax Wed, 13 Nov 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=11697