https://www.taxtmi.com/caselaws?id=380008 The Tribunal set aside the orders passed under section 263 for assessment years 2006-07 and 2011-12, ruling in favor of the assessee. It emphasized the need for adherence to legal procedures and limitations in exercising revisionary powers, highlighting discrepancies in the Commissioner's findings and the importance of consistency in treatment across assessment years. The Tribunal overturned the orders under section 263, underscoring the necessity for proper grounds for initiating revisionary proceedings. Ultimately, both appeals of the assessee were allowed, and the orders under section 263 were invalidated. en-us Fri, 03 May 2019 00:00:00 +0530 Fri, 10 May 2019 10:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=380008 The Tribunal set aside the orders passed under section 263 for assessment years 2006-07 and 2011-12, ruling in favor of the assessee. It emphasized the need for adherence to legal procedures and limitations in exercising revisionary powers, highlighting discrepancies in the Commissioner's findings and the importance of consistency in treatment across assessment years. The Tribunal overturned the orders under section 263, underscoring the necessity for proper grounds for initiating revisionary proceedings. Ultimately, both appeals of the assessee were allowed, and the orders under section 263 were invalidated. Case-Laws Income Tax Fri, 03 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=380008