https://www.taxtmi.com/caselaws?id=401105 The tribunal set aside the order of the Principal Commissioner of Income Tax (PCIT) under section 263 of the Income Tax Act, finding that the PCIT had exercised revisionary powers arbitrarily without adhering to principles of natural justice or proper application of mind. The tribunal deemed the show cause notice vague and illogical, and disagreed with the PCIT's interpretation of the facts, ultimately allowing the appeal of the assessee. en-us Wed, 28 Oct 2020 00:00:00 +0530 Fri, 27 Nov 2020 10:41:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=401105 The tribunal set aside the order of the Principal Commissioner of Income Tax (PCIT) under section 263 of the Income Tax Act, finding that the PCIT had exercised revisionary powers arbitrarily without adhering to principles of natural justice or proper application of mind. The tribunal deemed the show cause notice vague and illogical, and disagreed with the PCIT's interpretation of the facts, ultimately allowing the appeal of the assessee. Case-Laws Income Tax Wed, 28 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=401105