https://www.taxtmi.com/caselaws?id=38757 The court ruled that the exercise of power under section 263 was illegal and without jurisdiction. The notice issued under section 263 was quashed, subsequent orders were set aside, and the Commissioner was restrained from acting on the notice. The application under section 264 for the relevant assessment years was directed to be reconsidered. The court made the rule absolute without any order as to costs. en-us Fri, 07 May 1976 00:00:00 +0530 Thu, 08 Apr 2010 17:44:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=38757 The court ruled that the exercise of power under section 263 was illegal and without jurisdiction. The notice issued under section 263 was quashed, subsequent orders were set aside, and the Commissioner was restrained from acting on the notice. The application under section 264 for the relevant assessment years was directed to be reconsidered. The court made the rule absolute without any order as to costs. Case-Laws Income Tax Fri, 07 May 1976 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=38757