https://www.taxtmi.com/caselaws?id=58577 The Tribunal upheld the Commissioner's jurisdiction under section 263 of the Income-tax Act, 1961, setting aside the assessment order and directing a fresh assessment. It ruled that the Commissioner's order was justified as the assessment order had not merged with the order of the Commissioner (Appeals) at the time of exercising powers under section 263. Additionally, the Tribunal rejected the appellant's claim for investment allowance on machinery and plant used in their milk processing business, determining that the activity did not qualify as manufacturing or production, thus denying the investment allowance. en-us Tue, 08 Jan 1985 00:00:00 +0530 Mon, 20 Dec 2010 16:59:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58577 The Tribunal upheld the Commissioner's jurisdiction under section 263 of the Income-tax Act, 1961, setting aside the assessment order and directing a fresh assessment. It ruled that the Commissioner's order was justified as the assessment order had not merged with the order of the Commissioner (Appeals) at the time of exercising powers under section 263. Additionally, the Tribunal rejected the appellant's claim for investment allowance on machinery and plant used in their milk processing business, determining that the activity did not qualify as manufacturing or production, thus denying the investment allowance. Case-Laws Income Tax Tue, 08 Jan 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58577