https://www.taxtmi.com/caselaws?id=180037 The Tribunal ruled in favor of the assessee, setting aside the CIT's order u/s 263 of the Income Tax Act. The initiation of revision proceedings was deemed unjustified as the Assessing Officer's decision was plausible and in accordance with the law. The Tribunal emphasized that the bar of limitation did not apply in this case, as the issue had already attained finality at an earlier stage. en-us Mon, 24 Jan 2011 00:00:00 +0530 Tue, 15 Mar 2016 16:03:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=180037 The Tribunal ruled in favor of the assessee, setting aside the CIT's order u/s 263 of the Income Tax Act. The initiation of revision proceedings was deemed unjustified as the Assessing Officer's decision was plausible and in accordance with the law. The Tribunal emphasized that the bar of limitation did not apply in this case, as the issue had already attained finality at an earlier stage. Case-Laws Income Tax Mon, 24 Jan 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=180037