https://www.taxtmi.com/caselaws?id=347014 The court condoned a 41-day delay in re-filing the appeal and dismissed the revenue's appeal against the common order by the ITAT for Assessment Years 2008-09 to 2011-12. The court emphasized the importance of the PCIT applying their mind before exercising revisionary jurisdiction under Section 263 of the Income Tax Act, noting the Assessee's cooperation during assessment proceedings. The lack of sufficient inquiry by the AO did not warrant jurisdiction under Section 263, leading to the dismissal of the appeals without costs. en-us Mon, 21 Aug 2017 00:00:00 +0530 Sat, 26 Aug 2017 09:06:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=347014 The court condoned a 41-day delay in re-filing the appeal and dismissed the revenue's appeal against the common order by the ITAT for Assessment Years 2008-09 to 2011-12. The court emphasized the importance of the PCIT applying their mind before exercising revisionary jurisdiction under Section 263 of the Income Tax Act, noting the Assessee's cooperation during assessment proceedings. The lack of sufficient inquiry by the AO did not warrant jurisdiction under Section 263, leading to the dismissal of the appeals without costs. Case-Laws Income Tax Mon, 21 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=347014