https://www.taxtmi.com/caselaws?id=401602 The Tribunal held that the revisional jurisdiction exercised by the Principal Commissioner under section 263 for the assessment year 2015-16 was not valid. The Tribunal allowed the assessee's appeal, emphasizing the Assessing Officer's reasonable approach and adherence to legal provisions during the assessment. The decision set aside the revisional jurisdiction, concluding in favor of the assessee. en-us Thu, 10 Dec 2020 00:00:00 +0530 Fri, 11 Dec 2020 15:39:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=401602 The Tribunal held that the revisional jurisdiction exercised by the Principal Commissioner under section 263 for the assessment year 2015-16 was not valid. The Tribunal allowed the assessee's appeal, emphasizing the Assessing Officer's reasonable approach and adherence to legal provisions during the assessment. The decision set aside the revisional jurisdiction, concluding in favor of the assessee. Case-Laws Income Tax Thu, 10 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=401602