https://www.taxtmi.com/caselaws?id=393819 The Tribunal held that the Principal Commissioner of Income Tax lacked jurisdiction to invoke revisional powers under section 263 for the second time as the Assessing Officer had complied with specific directions. Additionally, the reassessment order was deemed not erroneous or prejudicial to revenue, as the AO conducted a thorough investigation. Consequently, the Tribunal quashed the Commissioner's order and allowed the assessee's appeal. en-us Fri, 20 Mar 2020 00:00:00 +0530 Mon, 23 Mar 2020 13:18:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=393819 The Tribunal held that the Principal Commissioner of Income Tax lacked jurisdiction to invoke revisional powers under section 263 for the second time as the Assessing Officer had complied with specific directions. Additionally, the reassessment order was deemed not erroneous or prejudicial to revenue, as the AO conducted a thorough investigation. Consequently, the Tribunal quashed the Commissioner's order and allowed the assessee's appeal. Case-Laws Income Tax Fri, 20 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=393819