https://www.taxtmi.com/caselaws?id=381631 The Tribunal held that the Principal Commissioner of Income Tax exceeded jurisdiction in invoking Section 263 after the limitation period had expired. The Assessing Officer's order was deemed not erroneous as he followed Tribunal directions, and thus, the twin conditions for invoking Section 263 were not met. The Tribunal quashed the Section 263 order and restored the assessment order under Section 143(3) dated 24.11.2016, ruling in favor of the appellant. en-us Thu, 13 Jun 2019 00:00:00 +0530 Fri, 14 Jun 2019 14:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=381631 The Tribunal held that the Principal Commissioner of Income Tax exceeded jurisdiction in invoking Section 263 after the limitation period had expired. The Assessing Officer's order was deemed not erroneous as he followed Tribunal directions, and thus, the twin conditions for invoking Section 263 were not met. The Tribunal quashed the Section 263 order and restored the assessment order under Section 143(3) dated 24.11.2016, ruling in favor of the appellant. Case-Laws Income Tax Thu, 13 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=381631