https://www.taxtmi.com/caselaws?id=237206 The Tribunal held that the Commissioner of Income-tax (CIT) lacked jurisdiction under Section 263 to revise the assessment order as the issue had already been considered by the CIT(A). Additionally, the Tribunal found the Assessing Officer's view was legally valid, not erroneous, or prejudicial to Revenue interests. Consequently, the Tribunal allowed the assessee's appeal on jurisdictional grounds without addressing the merits of the deduction eligibility issue. en-us Fri, 28 Sep 2012 00:00:00 +0530 Sat, 21 Sep 2013 08:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=237206 The Tribunal held that the Commissioner of Income-tax (CIT) lacked jurisdiction under Section 263 to revise the assessment order as the issue had already been considered by the CIT(A). Additionally, the Tribunal found the Assessing Officer's view was legally valid, not erroneous, or prejudicial to Revenue interests. Consequently, the Tribunal allowed the assessee's appeal on jurisdictional grounds without addressing the merits of the deduction eligibility issue. Case-Laws Income Tax Fri, 28 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=237206