https://www.taxtmi.com/caselaws?id=401065 The Tribunal quashed the impugned orders and allowed the appeals of the assessee for all three Assessment Years, emphasizing the importance of taxing only the profit element in alleged bogus transactions and the limitations on the PCIT's revisional powers under section 263. en-us Tue, 24 Nov 2020 00:00:00 +0530 Wed, 25 Nov 2020 11:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=401065 The Tribunal quashed the impugned orders and allowed the appeals of the assessee for all three Assessment Years, emphasizing the importance of taxing only the profit element in alleged bogus transactions and the limitations on the PCIT's revisional powers under section 263. Case-Laws Income Tax Tue, 24 Nov 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=401065