https://www.taxtmi.com/caselaws?id=13094 Revisionary jurisdiction under section 263 of the Income-tax Act was held unsustainable where the assessment records showed detailed enquiry by the Assessing Officer and the Tribunal accepted that the revised return had been properly treated. The Tribunal also noted that the assessee had voluntarily surrendered income to buy peace with the Department, which negatived the basis for penalty proceedings under section 271(1)(c). Those were treated as findings of fact, and no substantial question of law arose under section 260A, so appellate interference was declined and the assessee's relief stood. en-us Tue, 25 Sep 2001 00:00:00 +0530 Tue, 26 May 2009 13:24:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13094 Revisionary jurisdiction under section 263 of the Income-tax Act was held unsustainable where the assessment records showed detailed enquiry by the Assessing Officer and the Tribunal accepted that the revised return had been properly treated. The Tribunal also noted that the assessee had voluntarily surrendered income to buy peace with the Department, which negatived the basis for penalty proceedings under section 271(1)(c). Those were treated as findings of fact, and no substantial question of law arose under section 260A, so appellate interference was declined and the assessee's relief stood. Case-Laws Income Tax Tue, 25 Sep 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13094