INCOME TAX

DEPARTMENT OF REVENUE

MINISTRY OF FINANCE

CENTRAL BOARD OF DIRECT TAXES

New Delhi,  04 March, 2016

Subject: Request for providing information regarding pending litigation on the issue of revisional powers of Commissioner of Income Tax u/s 263 of the Income Tax, Act, 1961 in respect of the order passed by the Inspecting Assistant Commissioner of Income Tax, prior to amendments in 1984 and 1988 - regarding.

During the course of the hearing in SLP (C) No. 1331-1332 of 2009 in the case of CIT Vs M/s Mitsui & Co. Ltd. the Hon'ble Supreme Court of India has directed the Revenue to inform as to whether there are other similar cases pending anywhere in country where the issue pertains to exercise of revisional jurisdiction by the Commissioner of Income Tax u/s 263 of IT Act against orders passed by the Inspecting Asstt. Commissioner prior to the introduction of Explanation (a) and (b) in the section 263 of IT Act 1961.

The Hon'ble Court has directed that this information be furnished on or before next date of hearing i.e. 17/03/2016, Therefore, the information in this regard should be submitted by 10/03/2016 in the Directorate of Legal and research, New Delhi by at email id: meeta.sinha@incometax.gov.in.

In case no information is received it will be assumed that no litigation is pending in your charge on this issue and the Hon'ble Apex Court will be informed accordingly.

(R C Mishra)

Member (A&J)