2020 (2) TMI 952 - HC - Income Tax

Revision u/s 264 - Commissioner rejecting the application u/s 264 on the ground that remedy of appeal was available to him - HELD THAT - As petitioner relies upon the decision of this Court in Kewal Krishan Jain Vs. Commissioner of Income Tax, Jalandhar 2014 (1) TMI 492 - PUNJAB HARYANA HIGH COURT to contend that this Court has set aside the similar order. Learned counsel for the revenue is not in a position to deny the applicability of the abovesaid judgment. In the circumstances, the petition is allowed - Commissioner of Income Tax is directed to decide the application under Section 264 of the Act, on merits, as per law.

Summary

The High Court of Punjab and Haryana allowed the petition challenging the Commissioner's order rejecting the application under Section 264 of the Income Tax Act, 1961. The Court quashed the impugned order and directed the Commissioner to decide the application on merits.