Supreme Court Dismisses Appeal in Income Tax Case — Jurisdiction of Commissioner Upheld. The court upheld the Commissioner’s decision to reassess the amount as taxable income under Section 263 of the Income Tax Act, 1961, due to the erroneous nature of the initial assessment....
The case involved an appeal by M/s. The Malabar Industrial Co. Ltd. against the Commissioner of Income-tax, Kerala State, concerning the assessment year 1983-84. The appellant, a public limited compan...




