https://www.taxtmi.com/caselaws?id=58080 The Tribunal allowed the appeal, setting aside the Commissioner's order under section 263 due to lack of jurisdiction. The assessment made under the IAC's directions under section 144B was deemed valid, and the Explanation to section 263 was interpreted to not have retrospective effect. The Tribunal's decision was based on legal precedents and the nature of the provisions involved. en-us Wed, 30 Apr 1986 00:00:00 +0530 Fri, 17 Dec 2010 12:19:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58080 The Tribunal allowed the appeal, setting aside the Commissioner's order under section 263 due to lack of jurisdiction. The assessment made under the IAC's directions under section 144B was deemed valid, and the Explanation to section 263 was interpreted to not have retrospective effect. The Tribunal's decision was based on legal precedents and the nature of the provisions involved. Case-Laws Income Tax Wed, 30 Apr 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58080