https://www.taxtmi.com/caselaws?id=388930 The Tribunal quashed the order of the Principal Commissioner of Income Tax, holding that the revisional jurisdiction under Section 263 was improperly invoked. The Tribunal found that the Assessing Officer had adequately examined the provision for expenses, considering it as an ascertained liability. The Tribunal emphasized that the Principal Commissioner's differing opinion did not justify revisional action, ultimately allowing the assessee's appeal. en-us Fri, 22 Nov 2019 00:00:00 +0530 Wed, 27 Nov 2019 13:30:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=388930 The Tribunal quashed the order of the Principal Commissioner of Income Tax, holding that the revisional jurisdiction under Section 263 was improperly invoked. The Tribunal found that the Assessing Officer had adequately examined the provision for expenses, considering it as an ascertained liability. The Tribunal emphasized that the Principal Commissioner's differing opinion did not justify revisional action, ultimately allowing the assessee's appeal. Case-Laws Income Tax Fri, 22 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=388930