Judgment :- The following question of law has been referred to by the Tribunal at the instance of the assessee. "Whether, on the facts and in the circumstances of the case, the assessee was entitled to raise the question of the validity of the jurisdiction assumed by the ITO under s. 147(b) in the course of proceedings taken pursuant to the restoration of the appeals to the first appellate authority by the Tribunal by its earlier order dt. 31st May, 1978 for the two asst. yrs. 1972-73 and 1973-74?". This question of law has been reframed by correcting the date of the earlier order as 31st July, 1978. So, the question of law reframed is as follows: "Whether, on the facts and in the circumstances of the case, the assessee was entitled to raise the question of the validity of the jurisdiction assumed by the ITO under s. 147(b) in the course of proceedings taken pursuant to the restoration of the appeals to the first appellate authority by the Tribunal by its earlier order dt. 31st July, 1978 for the asst. yrs. 1972-73 and 1973-74?". 2. The question of law involved in this tax case relates to the asst. yrs. 1972-73 and 1973-74. The assessee is a co-owner of the agricultural estate 'Stanmore estate'. Though the agricultural operations resulted in surplus, the borrowings were not returned by the agricultural estate, but were lent to sister-concerns at interest. The original assessment was made by the ITO. The assessment was reopened on the basis of audit objection raised by the internal audit party of the IT Department and the assessment was made by not allowing the interest payment made by the agricultural estate against the interest earned by the agricultural estate on the monies lent by it. The assessee filed appeals against these orders raising two contentions. The first contention was that reopening the assessment for the years 1972-73 and 1973-74 were not valid and the second contention was that the interest payment by the agricultural estate has been validly claimed as a deduction against the interest receipts of the agricultural estate. These contentions were negatived by the first appellate authority and the assessee appealed before the Tribunal. The Tribunal by its order dt. 31st October, 1985 upheld the orders of reassessment, and the Tribunal restored the matter to the first appellate authority. These contentions were negatived by the first appellate authority and the assessee appealed before the Tribunal. The Tribunal by its order dt. 31st October, 1985 upheld the orders of reassessment, and the Tribunal restored the matter to the first appellate authority. With regard to the other contention for considering whether there is any excess payment of interest by the agricultural estate, consequent to this order of the Tribunal, the Asstt. CIT passed orders which again came up on appeal before the Tribunal. The AAC set aside the assessments for being done afresh according to law, in accordance with the observations of the Tribunal in its order dt. 31st July, 1978. Against these orders, the assessee came in appeal before the Tribunal. The Tribunal rejected the contention of the assessee by pointing out that the earlier orders dt. 31st July, 1978 had become final as the assessee did not take up the matter on a reference to the High Court and so, that question cannot be considered afresh. Against these orders of the Tribunal, the reference has arisen. 3. The counsel for the assessee submitted that the finding of the Tribunal that earlier orders of the Tribunal dt. 31st July, 1978 had become final and the question cannot be considered afresh is not correct and that question can be considered. 4. The learned counsel Mr. C. V. Rajan appearing for the Revenue submitted that the Tribunal upheld the jurisdiction and the order of the Tribunal had become final and without challenging the earlier order, the subsequent order cannot be challenged. 5. In the decision Seshasayee Paper & Boards Ltd. vs. Asstt. it has been held that: "Even a wrong order has a finality and unless that finality is disturbed by a process known to law or by a process authorised by law, the rights of the assessee and the Revenue will continue to be governed by the order. A decision of the Supreme Court will not automatically have the effect of vacating the order of the Tribunal which has been statutorily made final under s. 254(4) of the IT Act, 1961, and which has already been given effect to." In the decision M. K. Mohammad Kunhi vs. CIT it has been held that: "Where the Tribunal remands a case the finality of views expressed by it while doing so depends on the nature of the order of remand. If the remand is in the nature of calling for a finding and the Tribunal keeps seisin of the case, it may be permissible for the Tribunal to reconsider its views. On the other hand, if the Tribunal disposes of the appeal while passing the order of remand and another appeal comes before the Tribunal against the order passed after the remand, it has no power to reconsider the finding or opinion. Questions which have become final and conclusive by the remand order cannot be re-opened". It has been held in the decision S. P. Gramaphone Co. vs. ITAT that - "if the correctness of the remand order was not challenged through appropriate proceedings, it would not be open to review it when the matter comes again before that authority in appeal or revision against the order passed by the authorities below in accordance with the remand order." 6. Following the above decisions we uphold the view taken by the Tribunal that the earlier orders of the Tribunal dt. 31st July, 1978 had become final. We answer this question of law in the negative and against the assessee.