https://www.taxtmi.com/caselaws?id=28528 The court upheld the Commissioner's jurisdiction under section 263 of the Income Tax Act to examine and modify orders, including those under section 132(5), if prejudicial to revenue interests. It clarified that provisional orders under section 132(5) are subject to revision to safeguard revenue, even before final tax liabilities are determined. The court dismissed arguments against the Commissioner's revisional powers and multiple proceedings, emphasizing the importance of protecting revenue interests. The petition challenging the Commissioner's notice under section 263 was dismissed, affirming the Commissioner's authority in such matters. en-us Thu, 09 Sep 1982 00:00:00 +0530 Tue, 23 Feb 2010 13:07:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28528 The court upheld the Commissioner's jurisdiction under section 263 of the Income Tax Act to examine and modify orders, including those under section 132(5), if prejudicial to revenue interests. It clarified that provisional orders under section 132(5) are subject to revision to safeguard revenue, even before final tax liabilities are determined. The court dismissed arguments against the Commissioner's revisional powers and multiple proceedings, emphasizing the importance of protecting revenue interests. The petition challenging the Commissioner's notice under section 263 was dismissed, affirming the Commissioner's authority in such matters. Case-Laws Income Tax Thu, 09 Sep 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28528