1991 (2) TMI 47

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.... writ petition is directed against show-cause 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, learne....