https://www.taxtmi.com/caselaws?id=289129 The appeal challenged the revision order under section 263 of the Income Tax Act, alleging a breach of natural justice principles and disputing the legality of the revision. The Tribunal found that the Assessing Officer's decision was based on a valid interpretation, and the revision order by the ld. CIT was deemed premature as the matter was pending before the ld. CIT(A). The Tribunal held that the revision order was not erroneous or prejudicial to the revenue's interest, ultimately setting aside the impugned order. The Tribunal also addressed the delay in filing the appeal, emphasizing the importance of substantial justice and directing a fresh decision by the ld. CIT(A). en-us Mon, 05 Feb 2018 00:00:00 +0530 Wed, 15 Jul 2020 22:52:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=289129 The appeal challenged the revision order under section 263 of the Income Tax Act, alleging a breach of natural justice principles and disputing the legality of the revision. The Tribunal found that the Assessing Officer's decision was based on a valid interpretation, and the revision order by the ld. CIT was deemed premature as the matter was pending before the ld. CIT(A). The Tribunal held that the revision order was not erroneous or prejudicial to the revenue's interest, ultimately setting aside the impugned order. The Tribunal also addressed the delay in filing the appeal, emphasizing the importance of substantial justice and directing a fresh decision by the ld. CIT(A). Case-Laws Income Tax Mon, 05 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=289129