https://www.taxtmi.com/caselaws?id=382383 The Tribunal held that the Principal Commissioner of Income Tax exceeded jurisdiction in invoking revisional powers under section 263, as the Assessing Officer had conducted reasonable inquiries. The impugned order was set aside, and the Assessee's appeal was allowed. The Tribunal ruled that the amendment to section 263 post Finance Act, 2015, was not applicable to the assessment year in question. en-us Thu, 27 Jun 2019 00:00:00 +0530 Mon, 01 Jul 2019 11:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=382383 The Tribunal held that the Principal Commissioner of Income Tax exceeded jurisdiction in invoking revisional powers under section 263, as the Assessing Officer had conducted reasonable inquiries. The impugned order was set aside, and the Assessee's appeal was allowed. The Tribunal ruled that the amendment to section 263 post Finance Act, 2015, was not applicable to the assessment year in question. Case-Laws Income Tax Thu, 27 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=382383