2017 (9) TMI 175

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....on is basically under Article 227 of the Constitution of India to assail the validity of the order dated 04.03.2016 passed by the Principal Commissioner of Income Tax-II, Jabalpur under Section 264 of the Income Tax Act, 1961 (hereinafter referred to as the 'Act'). 2. Petitioner is an individual. From an AIR information submitted by the Bank, it came to the knowledge of Income-Tax Departm....

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....rial available on the record. 4. Shri Purohit submits that while exercising the revisional powers, the Principal Commissioner of Income Tax-II, Jabalpur has a vast jurisdiction to do justice between the parites and when necessary material was placed before the revisional authority, it was his duty to pass an appropriate order or in the alternative matter ought to had been remanded back for the fr....

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....the revision. The reliance placed on the decision of the Supreme Court is clearly distinguishable on the facts because of the cryptic order passed by the revisional authority under Section 264 of the Act and equally cryptic order passed by the High Court. 7. The order passed under Section 264 of the Act is a detailed order with reasons and after condsidering the law laid down by the Supreme Court....