https://www.taxtmi.com/caselaws?id=17720 The High Court clarified that the provisions of section 144B of the Income-tax Act were inapplicable in a scenario where the order under section 154 had been set aside by the Tribunal and not challenged by the Revenue. It was held that the Commissioner of Income-tax could only exercise powers under section 263 if an order by the Income-tax Officer was found to be erroneous and prejudicial to the Revenue's interests. The Court emphasized that once the order of the Income-tax Officer merged with the appellate order of the Commissioner of Income-tax (Appeals), the provisions of section 263 became inapplicable. The judgment favored the assessee, ruling against the Revenue with no order as to costs. en-us Tue, 30 Apr 1996 00:00:00 +0530 Thu, 24 Sep 2009 13:14:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17720 The High Court clarified that the provisions of section 144B of the Income-tax Act were inapplicable in a scenario where the order under section 154 had been set aside by the Tribunal and not challenged by the Revenue. It was held that the Commissioner of Income-tax could only exercise powers under section 263 if an order by the Income-tax Officer was found to be erroneous and prejudicial to the Revenue's interests. The Court emphasized that once the order of the Income-tax Officer merged with the appellate order of the Commissioner of Income-tax (Appeals), the provisions of section 263 became inapplicable. The judgment favored the assessee, ruling against the Revenue with no order as to costs. Case-Laws Income Tax Tue, 30 Apr 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17720