https://www.taxtmi.com/caselaws?id=259247 The Court upheld the initiation of revision proceedings regarding the assessment for AY 2006-07 and affirmed the CIT's assumption of jurisdiction under Section 263 of the Income Tax Act. However, it found that the CIT's order did not adequately address the objections raised by the assessee and remitted the matter for further consideration by the Assessing Officer. The Court allowed the assessee to challenge both the jurisdiction of the CIT and the merits of the items sought to be taxed in the revisional proceedings, modifying the impugned order accordingly. en-us Fri, 17 Apr 2015 00:00:00 +0530 Tue, 05 May 2015 07:40:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=259247 The Court upheld the initiation of revision proceedings regarding the assessment for AY 2006-07 and affirmed the CIT's assumption of jurisdiction under Section 263 of the Income Tax Act. However, it found that the CIT's order did not adequately address the objections raised by the assessee and remitted the matter for further consideration by the Assessing Officer. The Court allowed the assessee to challenge both the jurisdiction of the CIT and the merits of the items sought to be taxed in the revisional proceedings, modifying the impugned order accordingly. Case-Laws Income Tax Fri, 17 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=259247