https://www.taxtmi.com/caselaws?id=353924 The Tribunal set aside the Principal Commissioner of Income Tax's order under Section 263, restoring the original assessment order passed by the Assessing Officer. The Tribunal found that the Assessing Officer had appropriately verified the foreign and local commissions, and the Principal CIT had exceeded jurisdiction in revising the assessment order without sufficient grounds. The appeal of the assessee was allowed, emphasizing that the Principal CIT's reliance on Section 263 was unwarranted. en-us Tue, 02 Jan 2018 00:00:00 +0530 Mon, 15 Jan 2018 07:43:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=353924 The Tribunal set aside the Principal Commissioner of Income Tax's order under Section 263, restoring the original assessment order passed by the Assessing Officer. The Tribunal found that the Assessing Officer had appropriately verified the foreign and local commissions, and the Principal CIT had exceeded jurisdiction in revising the assessment order without sufficient grounds. The appeal of the assessee was allowed, emphasizing that the Principal CIT's reliance on Section 263 was unwarranted. Case-Laws Income Tax Tue, 02 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=353924