https://www.taxtmi.com/caselaws?id=12189 The High Court upheld the Commissioner's power to set aside an assessment order under section 263 of the Income-tax Act, 1961. It ruled that the Commissioner could rely on records of other persons related to the assessee to determine the correctness of the assessment order, even if such records were not part of the assessee's records. The Court emphasized the broad scope of the Commissioner's revisional power and rejected the Tribunal's narrow interpretation, affirming the authority to consider additional material in assessing the order's correctness and its impact on revenue interests. en-us Wed, 03 Jul 2002 00:00:00 +0530 Thu, 18 Feb 2010 17:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12189 The High Court upheld the Commissioner's power to set aside an assessment order under section 263 of the Income-tax Act, 1961. It ruled that the Commissioner could rely on records of other persons related to the assessee to determine the correctness of the assessment order, even if such records were not part of the assessee's records. The Court emphasized the broad scope of the Commissioner's revisional power and rejected the Tribunal's narrow interpretation, affirming the authority to consider additional material in assessing the order's correctness and its impact on revenue interests. Case-Laws Income Tax Wed, 03 Jul 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12189