https://www.taxtmi.com/highlights?id=38944 Revision u/s 263 - Explanation 2(d) under section 263 specifically states that revision is possible only due to judgments of the jurisdictional High Court or supreme court. - as there were two views were available, the Ld. CIT should not be allowed to invoke the powers u/s.263. - If the answer of the above refereed question held as yes, then the Ld. CIT will invoke power in each and every cases and will create a huge mess. - AT en-us Wed, 18 Apr 2018 07:00:00 +0530 Wed, 18 Apr 2018 07:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=38944 Revision u/s 263 - Explanation 2(d) under section 263 specifically states that revision is possible only due to judgments of the jurisdictional High Court or supreme court. - as there were two views were available, the Ld. CIT should not be allowed to invoke the powers u/s.263. - If the answer of the above refereed question held as yes, then the Ld. CIT will invoke power in each and every cases and will create a huge mess. - AT Highlights Income Tax Wed, 18 Apr 2018 07:00:00 +0530 https://www.taxtmi.com/highlights?id=38944