1988 (11) TMI 81

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..... SODHI J. -By his best judgment assessment order under section 144 of the Income-tax Act, 1961 (hereinafter referred to as "the Act"), the Income-tax Officer granted registration to the assessee-firm, A. K. Timber Traders, Pathankot. According to the Commissioner, the Income-tax Officer should, in fact, have cancelled the registration of the assessee-firm and failure on his part to do so const....

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....awfully granted earlier to the assessee. It was, therefore, held that there being no error in the order of the Income-tax Officer, the Commissioner was not right in exercising jurisdiction under section 263 of the Act. It was in this context that the following question of law came to be referred to this court for its opinion : "Whether, on the facts and in the circumstances, the Tribunal is ....