Revisional Authority have no jurisdiction to initiate proceedings u/s. 263

HIGH COURT OF KARNATAKA Commissioner of Income-tax v. Smt. Vrinda P. Issac IT Appeal NO. 413 OF 2010 OCTOBER 18, 2011 JUDGMENT N. Kumar, J. This is a revenue’s appeal challenging the order passed by the Tribunal which has set aside the order passed by the Director of Income Tax, International Taxation, Bangalore under Section 263 of the Income Tax Act, 1961. 2. The assessee is an individual non-resident. She filed her return of income declaring a total income of Rs.4/- on 31.10.2006. The case was taken up for scrutiny assessment under Section 143(3) of the Act. The Asse...