https://www.taxtmi.com/caselaws?id=389860 The Tribunal held that the Principal Commissioner erred in invoking revisionary jurisdiction under Section 263 of the Income Tax Act. The appeal of the assessee was allowed, and the order was pronounced on 04/09/2019. The Tribunal found that the Assessing Officer's orders were in accordance with the law regarding the validity of the order under Section 263 and the denial of carry forward and set off of losses and unabsorbed depreciation under Section 79. The PCIT's revisionary jurisdiction was quashed. en-us Wed, 04 Sep 2019 00:00:00 +0530 Wed, 18 Dec 2019 14:15:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=389860 The Tribunal held that the Principal Commissioner erred in invoking revisionary jurisdiction under Section 263 of the Income Tax Act. The appeal of the assessee was allowed, and the order was pronounced on 04/09/2019. The Tribunal found that the Assessing Officer's orders were in accordance with the law regarding the validity of the order under Section 263 and the denial of carry forward and set off of losses and unabsorbed depreciation under Section 79. The PCIT's revisionary jurisdiction was quashed. Case-Laws Income Tax Wed, 04 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=389860