https://www.taxtmi.com/caselaws?id=21778 The High Court found the Tribunal's decision to quash the Commissioner of Income-tax's order under section 263 unsatisfactory, stating that the Commissioner had considered various grounds beyond the possibility of funds returning to the assessee. The High Court deemed the Tribunal's findings as perverse and directed a rehearing, instructing the Tribunal to consider all relevant material and the Commissioner's reasoning. The High Court exercised its power under section 260(1) to remand the case for further consideration. en-us Tue, 09 Jul 1991 00:00:00 +0530 Sat, 28 Nov 2009 16:27:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=21778 The High Court found the Tribunal's decision to quash the Commissioner of Income-tax's order under section 263 unsatisfactory, stating that the Commissioner had considered various grounds beyond the possibility of funds returning to the assessee. The High Court deemed the Tribunal's findings as perverse and directed a rehearing, instructing the Tribunal to consider all relevant material and the Commissioner's reasoning. The High Court exercised its power under section 260(1) to remand the case for further consideration. Case-Laws Income Tax Tue, 09 Jul 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=21778