1992 (10) TMI 2 - SC - Income Tax

Whether, on the facts and in the circumstances of this case, the Tribunal was justified in law in restoring the appeals once again to the file of the Additional Commissioner of Income-tax, West Bengal-I, Calcutta, for passing fresh orders under section 263 of the Income-tax Act, 1961, after making further investigation

Summary

The Supreme Court upheld the High Court's decision in Income-tax Reference No. 292 of 1975, affirming the Tribunal's power to remand cases for further investigation under section 263 of the Income-tax Act, 1961. The appeals were dismissed with no order as to costs.