https://www.taxtmi.com/caselaws?id=280690 The Tribunal allowed the appeal, quashing the revision order under section 263 of the Income Tax Act. The Tribunal emphasized that the PCIT's decision was based on borrowed satisfaction without independent inquiry, and the original assessment had duly scrutinized the relevant details. The Tribunal also condoned the delay in filing the appeal, finding the explanation reasonable. The appeal was allowed in favor of the assessee. en-us Fri, 08 Feb 2019 00:00:00 +0530 Fri, 17 May 2019 07:40:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=280690 The Tribunal allowed the appeal, quashing the revision order under section 263 of the Income Tax Act. The Tribunal emphasized that the PCIT's decision was based on borrowed satisfaction without independent inquiry, and the original assessment had duly scrutinized the relevant details. The Tribunal also condoned the delay in filing the appeal, finding the explanation reasonable. The appeal was allowed in favor of the assessee. Case-Laws Income Tax Fri, 08 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=280690