https://www.taxtmi.com/caselaws?id=17259 The court held in favor of the Revenue and against the assessee in a case concerning the cancellation of the Commissioner's order under section 263 of the Income-tax Act. It was determined that the Commissioner had jurisdiction to pass orders based on material discovered after the initial assessment, and such material should not be disregarded. The court clarified that the Commissioner could consider all available records at the time of examination, even if not present during the initial assessment. The Tribunal's decision to cancel the Commissioner's order was deemed erroneous, and the reference was answered in favor of the Revenue. en-us Tue, 23 Sep 1997 00:00:00 +0530 Mon, 21 Sep 2009 11:55:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17259 The court held in favor of the Revenue and against the assessee in a case concerning the cancellation of the Commissioner's order under section 263 of the Income-tax Act. It was determined that the Commissioner had jurisdiction to pass orders based on material discovered after the initial assessment, and such material should not be disregarded. The court clarified that the Commissioner could consider all available records at the time of examination, even if not present during the initial assessment. The Tribunal's decision to cancel the Commissioner's order was deemed erroneous, and the reference was answered in favor of the Revenue. Case-Laws Income Tax Tue, 23 Sep 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17259