https://www.taxtmi.com/caselaws?id=57982 The Tribunal canceled the Commissioner's orders for both assessment years, holding that the Commissioner lacked jurisdiction to revise assessment orders under section 263 of the Income-tax Act. The Tribunal found that once an assessment order is confirmed by the Appellate Assistant Commissioner, it becomes final, and the Commissioner cannot revise it. Additionally, the Tribunal determined that the Explanation to section 263, effective from 1-6-1988, applies prospectively, and therefore, the Commissioner could not revise orders based on this provision for actions taken before its effective date. en-us Fri, 14 Apr 1989 00:00:00 +0530 Wed, 15 Dec 2010 16:59:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57982 The Tribunal canceled the Commissioner's orders for both assessment years, holding that the Commissioner lacked jurisdiction to revise assessment orders under section 263 of the Income-tax Act. The Tribunal found that once an assessment order is confirmed by the Appellate Assistant Commissioner, it becomes final, and the Commissioner cannot revise it. Additionally, the Tribunal determined that the Explanation to section 263, effective from 1-6-1988, applies prospectively, and therefore, the Commissioner could not revise orders based on this provision for actions taken before its effective date. Case-Laws Income Tax Fri, 14 Apr 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57982