1997 (12) TMI 64 - HC - Income Tax

Summary

The High Court of Gujarat rejected the applicant's request to answer two questions related to the Income-tax Act. The case involved search and seizure operations resulting in cash detection at the assessee's premises. The Commissioner's order under section 263 was set aside by the Tribunal. The Commissioner of Income-tax (Appeals) later deleted the addition of Rs. 1,75,000 from the assessee's income, which the Revenue did not challenge. The court deemed further examination of the Commissioner's jurisdiction under section 263 unnecessary and dismissed the application.