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Issues:
Challenge to orders under section 154 of the Income-tax Act, 1961; Jurisdiction of the Commissioner of Income-tax vs. Income-tax Appellate Tribunal; Interpretation of sections 158BC and 253 of the Income-tax Act, 1961. Analysis: The petitioner contested orders under section 154 of the Income-tax Act, 1961, specifically exhibits P-7, P-8, and P-10. Exhibit P-7 involved the modification of an earlier assessment by the Assistant Commissioner of Income-tax, leading to an appeal by the petitioner (exhibit P-9) to the Commissioner of Income-tax. However, exhibit P-10 returned the appeal, directing presentation before the Income-tax Appellate Tribunal due to the Commissioner's lack of jurisdiction. During block assessment completion, a proposal was made regarding the construction cost of a building, with discrepancies in reported values. The Executive Engineer later valued the building at Rs. 29,86,600, differing from the initial Rs. 18 lakhs adopted. Despite the petitioner's objections, the Assistant Commissioner upheld the valuation cell's report, modifying the assessment order and issuing a demand (exhibit P-8). The petitioner, instead of appealing to the Tribunal as per notice, appealed to the Commissioner, who correctly noted that jurisdiction over pre-1997 actions falls under the Tribunal per section 253(1)(b) of the Income-tax Act, 1961. Section 253 outlines the appeal process to the Appellate Tribunal, specifying orders appealable, including those under section 158BC. The Commissioner's jurisdiction does not extend to actions predating January 1, 1997. As the petitioner already appealed to the Tribunal regarding the valuation issue, the High Court found no illegality in the Commissioner's decision, dismissing the original petition but preserving the petitioner's right to appeal before the Tribunal.
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