https://www.taxtmi.com/caselaws?id=24934 The High Court upheld the Tribunal's decision in a case concerning the jurisdiction of the Commissioner under section 263(1) of the Income-tax Act, 1961. The Court found the Commissioner's reasons for setting aside the assessment of a lady taxpayer under a scheme to be appropriate, distinguishing a previous case lacking detailed examination. It was determined that the Commissioner followed the principles of natural justice, provided valid reasons for not accepting the assessment, and acted lawfully in canceling a consolidated order for assessment years 1971-72 and 1972-73. The Court ruled in favor of the Revenue, ordering the assessee to pay consolidated costs. en-us Tue, 05 Apr 1988 00:00:00 +0530 Sat, 23 Jan 2010 12:44:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=24934 The High Court upheld the Tribunal's decision in a case concerning the jurisdiction of the Commissioner under section 263(1) of the Income-tax Act, 1961. The Court found the Commissioner's reasons for setting aside the assessment of a lady taxpayer under a scheme to be appropriate, distinguishing a previous case lacking detailed examination. It was determined that the Commissioner followed the principles of natural justice, provided valid reasons for not accepting the assessment, and acted lawfully in canceling a consolidated order for assessment years 1971-72 and 1972-73. The Court ruled in favor of the Revenue, ordering the assessee to pay consolidated costs. Case-Laws Income Tax Tue, 05 Apr 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=24934