https://www.taxtmi.com/caselaws?id=177911 The Tribunal found that the ld. CIT's order u/s 263 was barred by limitation as per section 263(2) of the Act. Emphasizing the Assessing Officer's limited jurisdiction in reassessment to escaped income only, not all original assessment issues, the Tribunal held the ld. CIT's revision order time-barred. Referring to legal precedents, the Tribunal set aside the order, deeming it bad in law. Consequently, the appeal by the assessee was allowed, overturning the ld. CIT's order u/s 263. en-us Fri, 03 Jun 2011 00:00:00 +0530 Thu, 21 Jan 2016 18:34:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=177911 The Tribunal found that the ld. CIT's order u/s 263 was barred by limitation as per section 263(2) of the Act. Emphasizing the Assessing Officer's limited jurisdiction in reassessment to escaped income only, not all original assessment issues, the Tribunal held the ld. CIT's revision order time-barred. Referring to legal precedents, the Tribunal set aside the order, deeming it bad in law. Consequently, the appeal by the assessee was allowed, overturning the ld. CIT's order u/s 263. Case-Laws Income Tax Fri, 03 Jun 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=177911