High Court Rules AO's Order Invalid Due to Lack of Jurisdiction for Income Over Five Lakhs; Section 263 Not Applicable. https://www.taxtmi.com/highlights?id=21868 Revision u/s 263 - AO who passed the order on September 30, 2008, had no jurisdiction to complete the assessment as the return of income for the assessment year 2007-08 was over rupees five lakhs - Assessee may not be aware of this situation - Revision is not valid - HC en-us Fri, 20 Feb 2015 09:07:08 +0530 Fri, 20 Feb 2015 09:07:08 +0530 TaxTMI RSS Generator High Court Rules AO's Order Invalid Due to Lack of Jurisdiction for Income Over Five Lakhs; Section 263 Not Applicable. https://www.taxtmi.com/highlights?id=21868 Revision u/s 263 - AO who passed the order on September 30, 2008, had no jurisdiction to complete the assessment as the return of income for the assessment year 2007-08 was over rupees five lakhs - Assessee may not be aware of this situation - Revision is not valid - HC Highlights Income Tax Fri, 20 Feb 2015 09:07:08 +0530 https://www.taxtmi.com/highlights?id=21868