2008 (1) TMI 264

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..... able - If the Commissioner has not exercised the suo motu revisional power, then the consequence would have been loss of revenue – revision is valid - 185 of 2000 - - - Dated:- 21-1-2008 - C. N. RAMACHANDRAN NAIR and T. R. RAMACHANDRAN NAIR JJ. C. Kochunny Nair and Dale P. Kurien for the appellant. P. K. R. Menon for respondent. JUDGMENT The judgment of the court was delivered by .....

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..... ner reversed the order under section 263 of the Income-tax Act and remanded the matter for computation of income. On further appeal, the Tribunal confirmed the order of the Commissioner, against which this appeal is filed. 2. We do not find any grievance for the assessee inasmuch as the assessment was only set aside and remanded by the Commissioner under section 263 wherein it is open to the a .....

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