The Madras High Court reversed the order passed by Tribuna

The Madras High Court reversed the order passed by Tribuna

The Madras High Court reversed the order passed by Tribunal wherein the Tribunal has held that that the DVAC's report cannot be looked into by the Commissioner of Income Tax for the purpose of revision under Section 263 of the Income Tax Act, 1961 as it is not a proceeding under the Income Tax Act, 1961. The High Court has held that the power was rightly exercised by the Commissioner of Income Tax while invoking Section 263 of the Income Tax Act, 1961. (CIT Central-II vs N. Sasikala, Date of order 21.12.2023)



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