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TMI Blog2010 (11) TMI 157X X X X Extracts X X X X X X X X Extracts X X X X ..... - There is no bar in section 263 restricting the power of the Commissioner by limiting his jurisdiction to revise only original orders issued by the Assessing Officer - In fact, any proceedings issued by the Assessing Officer, whether it be original assessment or revised assessment issued under section 147 or even a rectification order issued under section 154, could be revised in exercise of powe ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... order issued by the Commissioner of Income-tax under section 263 of the Income-tax Act for the reason that the order sought to be revised was the revised assessment issued under section 147, which was rectified under section 154 for modification of interest levied under section 234D. 2. The Tribunal cancelled the order issued by the Commissioner on the ground that original assessment only could b ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... sed in exercise of powers under section 263, if the order is erroneous or is prejudicial to the interest of the revenue. We, therefore, allow ITA No. 1037/2009 by reversing the order of the Tribunal and by restoring the order issued by the Commissioner under section 263. 3. Insofar as ITA No. 1197/2009 is concerned, the Tribunal interfered with section 263 order issued for the year 1992-93 for th ..... X X X X Extracts X X X X X X X X Extracts X X X X
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