1991 (2) TMI 47

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....use notice issued by the Commissioner under section 263 of the Income-tax Act, 1961, proposing to revise the assessment orders relating to the assessment years 1986-87, 1987-88 and 1988-89. In the show-cause notice, three grounds are mentioned on which he proposed to revise the assessment order. We have perused the grounds and heard Sri S. P. Gupta, learned counsel for the petitioner, for quite so....