https://www.taxtmi.com/caselaws?id=16366 A reference under section 256(2) of the Income-tax Act was treated as academic because a later appellate order had already deleted the disputed addition and the Revenue had not challenged that order. The matter arose from a search assessment where cash was treated partly as unexplained income and the Commissioner exercised revisional power under section 263 to direct a fresh assessment. Although questions remained about merger and the validity of the revisional jurisdiction, any answer would not affect the parties' existing rights once the appellate authority had accepted the taxpayer's explanation and the deletion remained undisturbed. The application was therefore rejected. en-us Wed, 17 Dec 1997 00:00:00 +0530 Mon, 07 Sep 2009 12:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16366 A reference under section 256(2) of the Income-tax Act was treated as academic because a later appellate order had already deleted the disputed addition and the Revenue had not challenged that order. The matter arose from a search assessment where cash was treated partly as unexplained income and the Commissioner exercised revisional power under section 263 to direct a fresh assessment. Although questions remained about merger and the validity of the revisional jurisdiction, any answer would not affect the parties' existing rights once the appellate authority had accepted the taxpayer's explanation and the deletion remained undisturbed. The application was therefore rejected. Case-Laws Income Tax Wed, 17 Dec 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16366