https://www.taxtmi.com/caselaws?id=16463 The High Court of Madras held that the Commissioner of Income-tax had jurisdiction under section 263 to revise an assessment order even when based on binding directions from the Inspecting Assistant Commissioner under section 144A. The Court disagreed with the Tribunal's view that the Commissioner lacked authority in such cases, citing precedents from other High Courts. The matter was remanded to the Tribunal for further consideration, ruling in favor of the Department without awarding costs. en-us Tue, 07 Jan 1997 00:00:00 +0530 Tue, 08 Sep 2009 10:37:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16463 The High Court of Madras held that the Commissioner of Income-tax had jurisdiction under section 263 to revise an assessment order even when based on binding directions from the Inspecting Assistant Commissioner under section 144A. The Court disagreed with the Tribunal's view that the Commissioner lacked authority in such cases, citing precedents from other High Courts. The matter was remanded to the Tribunal for further consideration, ruling in favor of the Department without awarding costs. Case-Laws Income Tax Tue, 07 Jan 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16463