https://www.taxtmi.com/caselaws?id=35931 The court held that the Commissioner erred in dismissing Hindustan Aeronautics Limited's revision application under sub-section (4)(c) of s. 264 of the Income Tax Act, 1961, based on a Kerala High Court ruling. The court emphasized that the Commissioner should have considered circular instructions from the CBDT and allowed the revision application, highlighting a conflict between judicial pronouncements and administrative directives. The failure to follow the circular instructions led to the order being set aside, and the matter was remitted back to the Commissioner for proper consideration in line with the law. en-us Fri, 06 Mar 1981 00:00:00 +0530 Thu, 18 Mar 2010 10:42:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=35931 The court held that the Commissioner erred in dismissing Hindustan Aeronautics Limited's revision application under sub-section (4)(c) of s. 264 of the Income Tax Act, 1961, based on a Kerala High Court ruling. The court emphasized that the Commissioner should have considered circular instructions from the CBDT and allowed the revision application, highlighting a conflict between judicial pronouncements and administrative directives. The failure to follow the circular instructions led to the order being set aside, and the matter was remitted back to the Commissioner for proper consideration in line with the law. Case-Laws Income Tax Fri, 06 Mar 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=35931