https://www.taxtmi.com/caselaws?id=397464 The Tribunal held that the second Principal Commissioner of Income-tax invoked revisional jurisdiction under Section 263 without satisfying the required conditions, making the action null and void. The Tribunal found that the Assessing Officer conducted proper inquiries during reassessment, complied with previous directions, and the assessment order was not erroneous or prejudicial to Revenue. As a result, the Tribunal quashed the second Principal Commissioner's order and ruled in favor of the assessee. en-us Wed, 12 Aug 2020 00:00:00 +0530 Wed, 19 Aug 2020 12:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397464 The Tribunal held that the second Principal Commissioner of Income-tax invoked revisional jurisdiction under Section 263 without satisfying the required conditions, making the action null and void. The Tribunal found that the Assessing Officer conducted proper inquiries during reassessment, complied with previous directions, and the assessment order was not erroneous or prejudicial to Revenue. As a result, the Tribunal quashed the second Principal Commissioner's order and ruled in favor of the assessee. Case-Laws Income Tax Wed, 12 Aug 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397464