https://www.taxtmi.com/caselaws?id=360926 The High Court held that the Principal Commissioner of Income Tax lacked jurisdiction to exercise revisional powers in a case where the Assessing Officer did not deem the purchases as bogus but made an addition based on different grounds. The Court emphasized the principle of merger and the limitations on revisional powers post an appeal decision. The impugned notice under section 263 of the Income Tax Act was set aside, and the petition was disposed of in favor of the petitioner, a private limited company challenging the notice. en-us Mon, 16 Apr 2018 00:00:00 +0530 Thu, 18 Apr 2019 14:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=360926 The High Court held that the Principal Commissioner of Income Tax lacked jurisdiction to exercise revisional powers in a case where the Assessing Officer did not deem the purchases as bogus but made an addition based on different grounds. The Court emphasized the principle of merger and the limitations on revisional powers post an appeal decision. The impugned notice under section 263 of the Income Tax Act was set aside, and the petition was disposed of in favor of the petitioner, a private limited company challenging the notice. Case-Laws Income Tax Mon, 16 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=360926