1992 (9) TMI 26 - HC - Income Tax

Summary

The High Court of Karnataka ruled in a reference under section 256(1) of the Income-tax Act, 1961 that the Commissioner of Income-tax had no jurisdiction to pass an order under section 263 as the original assessment order had merged with the appellate order. The decision was based on a previous ruling in CIT v. Hindustan Aeronautics Ltd. [1986] 157 ITR 315, favoring the assessee. The income-tax reference case was disposed of accordingly.