https://www.taxtmi.com/caselaws?id=399438 The appeal challenging the exercise of revisional jurisdiction under section 263 by the Principal Commissioner of Income-Tax-2 for AY 2013-14 was dismissed as infructuous. The failure of the Assessing Officer to pass the consequential order within the specified time limit rendered the appeal time-barred. The judgment emphasized the importance of adhering to prescribed time limits in revising assessments and executing revisional orders, underscoring the necessity of timely compliance with procedural requirements in tax matters to maintain legal validity and prevent time-barred actions. en-us Wed, 07 Oct 2020 00:00:00 +0530 Sat, 10 Oct 2020 15:59:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=399438 The appeal challenging the exercise of revisional jurisdiction under section 263 by the Principal Commissioner of Income-Tax-2 for AY 2013-14 was dismissed as infructuous. The failure of the Assessing Officer to pass the consequential order within the specified time limit rendered the appeal time-barred. The judgment emphasized the importance of adhering to prescribed time limits in revising assessments and executing revisional orders, underscoring the necessity of timely compliance with procedural requirements in tax matters to maintain legal validity and prevent time-barred actions. Case-Laws Income Tax Wed, 07 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=399438