Dismissing the appeal of revenue the Court held that Order passed by Assessing Officer relying on the decision of Tribunal which was Subsequently reversed by High Court. Revision is not be not valid. (AY. 2009-10)
CIT v. Canara Bank (2021) 277 Taxman 215 (Karn.)(HC)
S. 263 : Commissioner-Revision of orders prejudicial to revenue- Depreciation-Order passed by Assessing Officer relying on the decision of Tribunal-Subsequently reversed by High Court-Revision is not be not valid. [S. 32]