https://www.taxtmi.com/caselaws?id=343240 The appellate court canceled the revisional order of the Principal Commissioner of Income Tax (CIT) dated 25.02.2015, as the Assessing Officer (AO) had adequately examined the issues raised by the CIT. The court found that the AO's actions were justified, and the conditions necessary for the CIT to exercise jurisdiction under Section 263 were not met. Therefore, the appeal of the assessee was allowed, and the CIT's order was overturned in a judgment pronounced on 19.05.2017. en-us Fri, 19 May 2017 00:00:00 +0530 Mon, 22 May 2017 07:24:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=343240 The appellate court canceled the revisional order of the Principal Commissioner of Income Tax (CIT) dated 25.02.2015, as the Assessing Officer (AO) had adequately examined the issues raised by the CIT. The court found that the AO's actions were justified, and the conditions necessary for the CIT to exercise jurisdiction under Section 263 were not met. Therefore, the appeal of the assessee was allowed, and the CIT's order was overturned in a judgment pronounced on 19.05.2017. Case-Laws Income Tax Fri, 19 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=343240