https://www.taxtmi.com/caselaws?id=374292 The tribunal held that the Principal Commissioner of Income Tax's revisional order was not sustainable due to exceeding the limitation period and lack of connection between the issues raised in the first and second rounds of revision. The assessee's appeal was allowed, reversing the PCIT's order dated 31.10.2017. The tribunal emphasized that the Assessing Officer's failure to conduct proper inquiries and verifications did not warrant a second revision on different issues. The order was pronounced on 23/01/2019. en-us Wed, 23 Jan 2019 00:00:00 +0530 Wed, 30 Jan 2019 08:19:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=374292 The tribunal held that the Principal Commissioner of Income Tax's revisional order was not sustainable due to exceeding the limitation period and lack of connection between the issues raised in the first and second rounds of revision. The assessee's appeal was allowed, reversing the PCIT's order dated 31.10.2017. The tribunal emphasized that the Assessing Officer's failure to conduct proper inquiries and verifications did not warrant a second revision on different issues. The order was pronounced on 23/01/2019. Case-Laws Income Tax Wed, 23 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=374292