https://www.taxtmi.com/caselaws?id=26990 The Tribunal upheld the Commissioner's jurisdiction under section 263 of the Income-tax Act, emphasizing the need for proper verification before granting relief. It partially allowed the appeal, directing the Income-tax Officer to verify facts and finalize the assessment accordingly. The Tribunal remitted the matter to the Income-tax Officer for further enquiry, including a fresh consideration of the weighted deduction claim under section 35B(1)(b)(iii). The decision supported the cancellation of disallowance of weighted deduction and provided a fresh period of limitation for reevaluation. Ultimately, the petition was dismissed, affirming the Tribunal's actions. en-us Wed, 06 Feb 1985 00:00:00 +0530 Wed, 10 Feb 2010 10:17:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26990 The Tribunal upheld the Commissioner's jurisdiction under section 263 of the Income-tax Act, emphasizing the need for proper verification before granting relief. It partially allowed the appeal, directing the Income-tax Officer to verify facts and finalize the assessment accordingly. The Tribunal remitted the matter to the Income-tax Officer for further enquiry, including a fresh consideration of the weighted deduction claim under section 35B(1)(b)(iii). The decision supported the cancellation of disallowance of weighted deduction and provided a fresh period of limitation for reevaluation. Ultimately, the petition was dismissed, affirming the Tribunal's actions. Case-Laws Income Tax Wed, 06 Feb 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26990