https://www.taxtmi.com/caselaws?id=57799 The Tribunal ruled in favor of the assessee, setting aside the Commissioner's order under section 263. It held that the revision for the assessment year 1993-94 was not time-barred, but the Commissioner lacked jurisdiction under section 263. The Tribunal found no prejudice to Revenue as the interest income was taxed in subsequent years. Additionally, it determined that the broken period interest on securities had not accrued to the assessee based on the Income-tax Act provisions, ultimately allowing the appeals. en-us Tue, 26 Feb 2002 00:00:00 +0530 Mon, 13 Dec 2010 15:35:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57799 The Tribunal ruled in favor of the assessee, setting aside the Commissioner's order under section 263. It held that the revision for the assessment year 1993-94 was not time-barred, but the Commissioner lacked jurisdiction under section 263. The Tribunal found no prejudice to Revenue as the interest income was taxed in subsequent years. Additionally, it determined that the broken period interest on securities had not accrued to the assessee based on the Income-tax Act provisions, ultimately allowing the appeals. Case-Laws Income Tax Tue, 26 Feb 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57799