https://www.taxtmi.com/caselaws?id=55045 The tribunal ruled in favor of the appellants, declaring the CIT, Gwalior's orders under Section 263 as illegal, bad in law, and void ab initio. It was held that the CIT, Gwalior lacked jurisdiction to revise assessment orders for block periods of individual appellants. Additionally, the tribunal found that the assessment orders for block periods in the cases of individuals were illegal and quashed. The impact of CIT(A)'s orders on assessed income was considered, leading to the conclusion that the orders under Section 263 were not sustainable in law and were set aside. The tribunal emphasized the necessity of specific orders for charging interest under Section 158BFA(1). en-us Sun, 25 Apr 2004 00:00:00 +0530 Tue, 23 Nov 2010 16:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55045 The tribunal ruled in favor of the appellants, declaring the CIT, Gwalior's orders under Section 263 as illegal, bad in law, and void ab initio. It was held that the CIT, Gwalior lacked jurisdiction to revise assessment orders for block periods of individual appellants. Additionally, the tribunal found that the assessment orders for block periods in the cases of individuals were illegal and quashed. The impact of CIT(A)'s orders on assessed income was considered, leading to the conclusion that the orders under Section 263 were not sustainable in law and were set aside. The tribunal emphasized the necessity of specific orders for charging interest under Section 158BFA(1). Case-Laws Income Tax Sun, 25 Apr 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55045