https://www.taxtmi.com/caselaws?id=396662 The Tribunal quashed the second order passed by the Principal Commissioner of Income Tax (PCIT) under section 263 on 28.03.2019, ruling it was not sustainable in law. It was held that the Assessing Officer had adequately examined the issues raised during the original and subsequent assessment proceedings, and the order was not erroneous or prejudicial to revenue. The Tribunal emphasized the importance of finality in legal proceedings and concluded that the PCIT cannot revise the same assessment order twice under section 263. en-us Wed, 08 Jul 2020 00:00:00 +0530 Wed, 15 Jul 2020 15:17:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=396662 The Tribunal quashed the second order passed by the Principal Commissioner of Income Tax (PCIT) under section 263 on 28.03.2019, ruling it was not sustainable in law. It was held that the Assessing Officer had adequately examined the issues raised during the original and subsequent assessment proceedings, and the order was not erroneous or prejudicial to revenue. The Tribunal emphasized the importance of finality in legal proceedings and concluded that the PCIT cannot revise the same assessment order twice under section 263. Case-Laws Income Tax Wed, 08 Jul 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=396662