https://www.taxtmi.com/caselaws?id=199795 Where revisional proceedings are initiated within the prescribed one-year limitation under section 34, expiry of that period does not extinguish the Commissioner's revisional jurisdiction or make the authority functus officio. The limitation governs the commencement of revision, not its final disposal, and the proceedings may be completed on the merits after the period has elapsed if they were validly instituted in time. Applying that principle, the dismissal of the revision was set aside and the matter was restored for fresh decision on the merits. en-us Thu, 17 Aug 1961 00:00:00 +0530 Fri, 29 Apr 2022 12:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=199795 Where revisional proceedings are initiated within the prescribed one-year limitation under section 34, expiry of that period does not extinguish the Commissioner's revisional jurisdiction or make the authority functus officio. The limitation governs the commencement of revision, not its final disposal, and the proceedings may be completed on the merits after the period has elapsed if they were validly instituted in time. Applying that principle, the dismissal of the revision was set aside and the matter was restored for fresh decision on the merits. Case-Laws Income Tax Thu, 17 Aug 1961 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=199795