https://www.taxtmi.com/caselaws?id=17956 The High Court held that the Commissioner of Income-tax retains jurisdiction under Section 263 to revise an assessment order even after a notice under Section 148 has been issued. The court clarified that the notice under Section 148 does not nullify the original assessment order but keeps it in a suspended state, allowing for concurrent application of both provisions. The Commissioner's power under Section 263 remains unaffected by the notice under Section 148. The court ruled in favor of the Revenue, directing the Tribunal to reconsider the case based on this judgment. en-us Mon, 26 Aug 1996 00:00:00 +0530 Fri, 25 Sep 2009 17:37:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17956 The High Court held that the Commissioner of Income-tax retains jurisdiction under Section 263 to revise an assessment order even after a notice under Section 148 has been issued. The court clarified that the notice under Section 148 does not nullify the original assessment order but keeps it in a suspended state, allowing for concurrent application of both provisions. The Commissioner's power under Section 263 remains unaffected by the notice under Section 148. The court ruled in favor of the Revenue, directing the Tribunal to reconsider the case based on this judgment. Case-Laws Income Tax Mon, 26 Aug 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17956