https://www.taxtmi.com/caselaws?id=376878 The High Court upheld the Tribunal's decision to set aside the CIT's order under Section 263 of the Income Tax Act. The Court found that the CIT's order deviated from the grounds mentioned in the notice, rendering it invalid and unsustainable. Emphasizing procedural fairness, the Court ruled in favor of the respondent-assessee, highlighting the necessity for the CIT to confine revisions under Section 263 to the specified grounds in the notice to ensure transparency and fairness in tax proceedings. en-us Mon, 11 Mar 2019 00:00:00 +0530 Sat, 16 Mar 2019 11:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=376878 The High Court upheld the Tribunal's decision to set aside the CIT's order under Section 263 of the Income Tax Act. The Court found that the CIT's order deviated from the grounds mentioned in the notice, rendering it invalid and unsustainable. Emphasizing procedural fairness, the Court ruled in favor of the respondent-assessee, highlighting the necessity for the CIT to confine revisions under Section 263 to the specified grounds in the notice to ensure transparency and fairness in tax proceedings. Case-Laws Income Tax Mon, 11 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=376878