Applicability of provisions of sec 263 to a block assessment order passed after obtaining approval u/s. 158BG

HIGH COURT OF MADRAS R. Srinivasan Versus Assistant/Deputy Commissioner of Income-tax Tax Case (Appeal) No. 354 of 2006 SEPTEMBER 11, 2012 JUDGMENT Mrs. Chitra Venkataraman, J. The above Tax Case Appeal is filed at the instance of the assessee against the order of the Income Tax Appellate Tribunal for block assessment period 1987-88 to 1996-97. The above Tax Case (Appeal) was admitted on the following substantial question of law:- “Whether in law the Commissioner Administration could validly exercise revisional powers under Section 263 after having accorded statutory app...