https://www.taxtmi.com/caselaws?id=333873 The ITAT partly allowed the appeal, upholding the Principal CIT's jurisdiction to revise the assessment order under section 263 of the Income Tax Act, 1961. The CIT's directions for disallowance of hire charges were modified, and the AO was instructed to conduct a fresh assessment, providing the assessee an opportunity to be heard. The ITAT found that while the AO failed to properly examine the TDS provisions on subcontract payments, there was no revenue prejudice caused, in line with a special bench decision. en-us Fri, 07 Oct 2016 00:00:00 +0530 Wed, 26 Oct 2016 09:49:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=333873 The ITAT partly allowed the appeal, upholding the Principal CIT's jurisdiction to revise the assessment order under section 263 of the Income Tax Act, 1961. The CIT's directions for disallowance of hire charges were modified, and the AO was instructed to conduct a fresh assessment, providing the assessee an opportunity to be heard. The ITAT found that while the AO failed to properly examine the TDS provisions on subcontract payments, there was no revenue prejudice caused, in line with a special bench decision. Case-Laws Income Tax Fri, 07 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=333873