https://www.taxtmi.com/caselaws?id=400209 The Tribunal quashed the revisionary order passed by the Principal Commissioner of Income Tax under section 263 of the Act, finding that the Assessing Officer had adequately investigated the issues of payment of incentives, commission to related and unrelated persons, and introduction of capital. The Tribunal held that the revisionary order was without jurisdiction and the appeal of the assessee was allowed. Additionally, the Tribunal excluded the period of the COVID-19 lockdown from the 90-day time limit for pronouncement of orders. en-us Mon, 15 Jun 2020 00:00:00 +0530 Sat, 31 Oct 2020 11:00:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=400209 The Tribunal quashed the revisionary order passed by the Principal Commissioner of Income Tax under section 263 of the Act, finding that the Assessing Officer had adequately investigated the issues of payment of incentives, commission to related and unrelated persons, and introduction of capital. The Tribunal held that the revisionary order was without jurisdiction and the appeal of the assessee was allowed. Additionally, the Tribunal excluded the period of the COVID-19 lockdown from the 90-day time limit for pronouncement of orders. Case-Laws Income Tax Mon, 15 Jun 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=400209