https://www.taxtmi.com/caselaws?id=398706 The High Court dismissed the appeal by the Revenue, upholding the decision of the Appellate Tribunal to quash the revision order under Section 263 of the Income Tax Act. The judgment emphasized the importance of satisfying the conditions of error and prejudice for invoking revisional jurisdiction, highlighting the need for a substantive error causing a loss of revenue to exercise such powers. en-us Tue, 01 Sep 2020 00:00:00 +0530 Mon, 09 Nov 2020 16:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398706 The High Court dismissed the appeal by the Revenue, upholding the decision of the Appellate Tribunal to quash the revision order under Section 263 of the Income Tax Act. The judgment emphasized the importance of satisfying the conditions of error and prejudice for invoking revisional jurisdiction, highlighting the need for a substantive error causing a loss of revenue to exercise such powers. Case-Laws Income Tax Tue, 01 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398706