https://www.taxtmi.com/caselaws?id=57354 The Tribunal held that the Commissioner lacked jurisdiction under section 263 of the Income-tax Act, 1961 to challenge the depreciation allowance on a Tower Crane. The Tribunal emphasized that the Commissioner's power is limited to reviewing the Income Tax Officer's order and cannot extend to orders of the Appellate Commissioner. As the Commissioner disregarded the binding decision of the Karnataka High Court in favor of the assessee, the Tribunal allowed the appeal, nullified the Commissioner's order, and reinstated the original assessment with modifications. The case underscores the importance of respecting legal precedents and the doctrine of merger in tax jurisdiction matters. en-us Tue, 27 Jul 1982 00:00:00 +0530 Thu, 09 Dec 2010 17:22:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57354 The Tribunal held that the Commissioner lacked jurisdiction under section 263 of the Income-tax Act, 1961 to challenge the depreciation allowance on a Tower Crane. The Tribunal emphasized that the Commissioner's power is limited to reviewing the Income Tax Officer's order and cannot extend to orders of the Appellate Commissioner. As the Commissioner disregarded the binding decision of the Karnataka High Court in favor of the assessee, the Tribunal allowed the appeal, nullified the Commissioner's order, and reinstated the original assessment with modifications. The case underscores the importance of respecting legal precedents and the doctrine of merger in tax jurisdiction matters. Case-Laws Income Tax Tue, 27 Jul 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57354