1989 (8) TMI 25

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..... t"), which relates to the assessment year 1972-73. The questions referred to us for our opinion are as follows : "1. Whether, on the facts and in the circumstances of the case, the Tribunal has rightly held that the Commissioner of Income-tax acting under section 263(1) of the Income-tax Act, 1961, could not interfere with an order of assessment made under section 143(1) in pursuance of the I sch .....

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..... ax cancelled the assessment order in terms of section 263(1) of the Act. The assessee moved the Income-tax Appellate Tribunal against the cancellation order passed by the Commissioner of Income-tax. The Tribunal set aside the order of the Commissioner holding that the Commissioner had no jurisdiction to act in terms of section 263(1) of the Act on the facts and in the circumstances of that case. S .....

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