https://www.taxtmi.com/caselaws?id=16181 The High Court upheld the Commissioner's authority to revise an assessment order under section 263 of the Income-tax Act, despite a claim of deduction being allowed due to directions from the Inspecting Assistant Commissioner under section 144B. The court emphasized that the assessment order under section 143(3) remained subject to revisional jurisdiction, allowing the Commissioner to exercise revisional powers if the order was deemed erroneous and prejudicial to the Revenue's interests. The ruling favored the Revenue, clarifying the distinction between procedural requirements and the substantive nature of the assessment order. en-us Mon, 05 Apr 1999 00:00:00 +0530 Tue, 01 Sep 2009 16:20:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16181 The High Court upheld the Commissioner's authority to revise an assessment order under section 263 of the Income-tax Act, despite a claim of deduction being allowed due to directions from the Inspecting Assistant Commissioner under section 144B. The court emphasized that the assessment order under section 143(3) remained subject to revisional jurisdiction, allowing the Commissioner to exercise revisional powers if the order was deemed erroneous and prejudicial to the Revenue's interests. The ruling favored the Revenue, clarifying the distinction between procedural requirements and the substantive nature of the assessment order. Case-Laws Income Tax Mon, 05 Apr 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16181