1995 (7) TMI 55 - HC - Income Tax

Summary

The High Court of Allahabad considered whether the Commissioner of Income-tax had the jurisdiction to entertain a revision application under section 264 of the Income-tax Act arising from an order under rule 40 of the Income-tax Rules. The court found that the Commissioner had failed to exercise his jurisdiction and quashed the order, remanding the case for reconsideration. (Case citation: 1995 (7) TMI 55 - ALLAHABAD High Court)