https://www.taxtmi.com/caselaws?id=387687 The tribunal partially allowed the appeal, limiting the reassessment to issues triggering revisional jurisdiction under Section 263 of the Income Tax Act, 1961. The court emphasized the necessity for the Pr. Commissioner of Income Tax to adhere to the conditions of erroneousness and prejudicial impact on revenue when revising orders. The tribunal refrained from delving into the merits of the issues at that stage, emphasizing the need for proper assessment and inquiry by the Assessing Officer to avoid errors prejudicial to revenue. en-us Thu, 24 Oct 2019 00:00:00 +0530 Tue, 29 Oct 2019 19:49:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=387687 The tribunal partially allowed the appeal, limiting the reassessment to issues triggering revisional jurisdiction under Section 263 of the Income Tax Act, 1961. The court emphasized the necessity for the Pr. Commissioner of Income Tax to adhere to the conditions of erroneousness and prejudicial impact on revenue when revising orders. The tribunal refrained from delving into the merits of the issues at that stage, emphasizing the need for proper assessment and inquiry by the Assessing Officer to avoid errors prejudicial to revenue. Case-Laws Income Tax Thu, 24 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=387687