https://www.taxtmi.com/caselaws?id=22616 The case addressed the interpretation of the term "record" in section 263(1) of the Income-tax Act, focusing on the timing of including material in the assessment process. The Tribunal ruled that material not existing at the time of assessment cannot be considered for jurisdiction under section 263(1). However, the court clarified that the Commissioner can review all evidence forming the assessment order, even if received post-assessment. The judgment favored the Revenue, emphasizing the need for a thorough assessment based on all relevant materials. Judge Bhagabati Prasad Banerjee concurred with the decision. en-us Tue, 30 Oct 1990 00:00:00 +0530 Fri, 11 Dec 2009 14:10:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22616 The case addressed the interpretation of the term "record" in section 263(1) of the Income-tax Act, focusing on the timing of including material in the assessment process. The Tribunal ruled that material not existing at the time of assessment cannot be considered for jurisdiction under section 263(1). However, the court clarified that the Commissioner can review all evidence forming the assessment order, even if received post-assessment. The judgment favored the Revenue, emphasizing the need for a thorough assessment based on all relevant materials. Judge Bhagabati Prasad Banerjee concurred with the decision. Case-Laws Income Tax Tue, 30 Oct 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22616