1998 (1) TMI 516 - HC - Income Tax

Summary

The High Court ruled in a case involving Income-tax Act, 1961. The Commissioner's order under section 263 was upheld despite the order of assessment being subject to appeal before the AAC. The expenses allowed by the ITO were questioned by the Commissioner, who directed further investigation. The Tribunal upheld the Commissioner's jurisdiction under section 263. The High Court answered both questions in favor of the department and against the assessee.