1990 (7) TMI 78 - HC - Income Tax

Summary

The High Court of Orissa dismissed an application under section 256(2) of the Income-tax Act, 1961, challenging the Commissioner of Income-tax's exercise of power under section 263. The Court held that the Commissioner was justified in exercising the power under section 263 for further inquiry based on available materials. The petition was dismissed with no costs. Judge S. C. Mohapatra and J. M. Mahapatra concurred with the decision.