https://www.taxtmi.com/caselaws?id=26112 The High Court held that the Commissioner of Income-tax could interfere with an assessment order made under section 143(1) despite the government scheme not covering cases of ladies and minors. The Court found the order erroneous and prejudicial to the Revenue due to a lack of proper enquiry by the Income-tax Officer regarding the source of initial capital. The Tribunal's decision was deemed incorrect, allowing the Commissioner to assume jurisdiction under section 263(1) of the Act. Consequently, the Court ruled in favor of the Revenue, emphasizing the importance of proper assessment procedures and the Commissioner's jurisdiction under section 263(1) of the Income-tax Act, 1961. en-us Thu, 04 Sep 1986 00:00:00 +0530 Tue, 02 Feb 2010 18:29:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26112 The High Court held that the Commissioner of Income-tax could interfere with an assessment order made under section 143(1) despite the government scheme not covering cases of ladies and minors. The Court found the order erroneous and prejudicial to the Revenue due to a lack of proper enquiry by the Income-tax Officer regarding the source of initial capital. The Tribunal's decision was deemed incorrect, allowing the Commissioner to assume jurisdiction under section 263(1) of the Act. Consequently, the Court ruled in favor of the Revenue, emphasizing the importance of proper assessment procedures and the Commissioner's jurisdiction under section 263(1) of the Income-tax Act, 1961. Case-Laws Income Tax Thu, 04 Sep 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26112