Supreme Court · 1997 INSC 777 · Decided 2 December 1997
Commissioner of Fncome Tax, Bangalore v. Shree MAN.JUNATHESWARE Packing Products and Camphor Works
- Court
- Supreme Court of India
- Citation
- 1997 INSC 777 · [1997] SUPP. 6 S.C.R. 109
- Case number
- CIVIL APPEAL No. 8467/1997
- Decided
- 2 December 1997
- Bench
- G.T. NANAVATI, M. JAGANNADHA RAO (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 263(1)
Headnote
!11come Tax Act, 1961: Sectioll 263( 1). A B Income Tat-AY 1977-78-Revisional Power of Commission of 111- C come Tax (CIT)-Valuatimz repo11 in re.\]Ject of a building was submitted by Depwtmental Valuation Officer (DVO) after completioll of assessment by Income Tax Officer (ITO )-CIT, under S.263( and directed ITO to pass fresh assessment orde1-Validity of-Held: The word "record" in S.263( 1) is not confined to the record avail­ able at the time of assessment by the ITO but all the records available at the D time of examinatioll by CIT-H e1Zce, CIT entitled, at the time
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