https://www.taxtmi.com/caselaws?id=350296 The Tribunal partly allowed the assessee's appeals for the assessment years 2004-05 to 2009-10, setting aside the Principal CIT's revision order under section 263. The Tribunal upheld the Principal CIT's jurisdiction to revise the AO's consequential order, emphasizing the need for the AO to verify the allowability of the Management Contract Fee (MCF) expenditure in the respective assessment years as per the CIT(A)'s directions. en-us Wed, 11 Oct 2017 00:00:00 +0530 Fri, 03 Nov 2017 10:52:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=350296 The Tribunal partly allowed the assessee's appeals for the assessment years 2004-05 to 2009-10, setting aside the Principal CIT's revision order under section 263. The Tribunal upheld the Principal CIT's jurisdiction to revise the AO's consequential order, emphasizing the need for the AO to verify the allowability of the Management Contract Fee (MCF) expenditure in the respective assessment years as per the CIT(A)'s directions. Case-Laws Income Tax Wed, 11 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=350296