https://www.taxtmi.com/caselaws?id=36672 The High Court held that the Addl. Commissioner of Income-tax had the jurisdiction to exercise powers under section 263 of the Income Tax Act, 1961. The Court found that the order of the Income Tax Officer was erroneous and prejudicial to revenue, justifying the Addl. Commissioner's intervention. The Tribunal's decision to set aside the penalty direction under section 273(b) was overturned, affirming the Addl. Commissioner's authority in the matter. en-us Fri, 05 Oct 1979 00:00:00 +0530 Tue, 23 Mar 2010 18:09:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36672 The High Court held that the Addl. Commissioner of Income-tax had the jurisdiction to exercise powers under section 263 of the Income Tax Act, 1961. The Court found that the order of the Income Tax Officer was erroneous and prejudicial to revenue, justifying the Addl. Commissioner's intervention. The Tribunal's decision to set aside the penalty direction under section 273(b) was overturned, affirming the Addl. Commissioner's authority in the matter. Case-Laws Income Tax Fri, 05 Oct 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36672