https://www.taxtmi.com/caselaws?id=22226 The court held that the Commissioner of Income-tax had jurisdiction under section 263 to revise the assessment order, even if scrutinized by the Inspecting Assistant Commissioner. Development rebate and relief under section 80J for specific assessment years were disallowed for the year in question. The deduction for gratuity provision was denied as the gratuity fund was created after the relevant previous year. All questions were answered against the assessee and in favor of the Revenue in both Income-tax Reference cases. en-us Fri, 03 May 1991 00:00:00 +0530 Tue, 08 Dec 2009 12:04:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22226 The court held that the Commissioner of Income-tax had jurisdiction under section 263 to revise the assessment order, even if scrutinized by the Inspecting Assistant Commissioner. Development rebate and relief under section 80J for specific assessment years were disallowed for the year in question. The deduction for gratuity provision was denied as the gratuity fund was created after the relevant previous year. All questions were answered against the assessee and in favor of the Revenue in both Income-tax Reference cases. Case-Laws Income Tax Fri, 03 May 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22226