https://www.taxtmi.com/caselaws?id=24715 The High Court of Madhya Pradesh held that the Commissioner of Income-tax had jurisdiction to revise an assessment order passed by the Income-tax Officer in compliance with directions from the Inspecting Assistant Commissioner under section 144B of the Income-tax Act, 1961. The Court ruled that the Commissioner could revise the order even if based on directions from the Inspecting Assistant Commissioner, as clarified by the Explanation to section 263(1) of the Act. The decision favored the Revenue's position, and each party was directed to bear their own costs in the reference. en-us Wed, 10 Aug 1988 00:00:00 +0530 Thu, 21 Jan 2010 18:48:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=24715 The High Court of Madhya Pradesh held that the Commissioner of Income-tax had jurisdiction to revise an assessment order passed by the Income-tax Officer in compliance with directions from the Inspecting Assistant Commissioner under section 144B of the Income-tax Act, 1961. The Court ruled that the Commissioner could revise the order even if based on directions from the Inspecting Assistant Commissioner, as clarified by the Explanation to section 263(1) of the Act. The decision favored the Revenue's position, and each party was directed to bear their own costs in the reference. Case-Laws Income Tax Wed, 10 Aug 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=24715