2000 (10) TMI 12 - HC - Income Tax

Summary

The High Court of Rajasthan directed the Tribunal to refer two questions of law regarding adjustments made by the Commissioner of Income-tax under section 263 of the Income-tax Act, which the Tribunal had quashed, back for consideration. The questions relate to whether the adjustments were permissible under section 143(1)(a) of the Act and if the Tribunal was justified in holding that the Assessing Officer's order was not erroneous and prejudicial to the interests of the Revenue.