https://www.taxtmi.com/caselaws?id=403201 The High Court partially allowed the writ application, quashing the Principal Commissioner's order due to a delay in filing the revision petition under Section 264 of the Income Tax Act. The matter was remitted back to the Principal Commissioner for adjudication solely on the issue of Section 50C, clarifying that the time limitation issue was settled and should not be revisited. The Court refrained from expressing any opinion on the merits, leaving it to the Principal Commissioner for decision in accordance with the law. en-us Mon, 18 Jan 2021 00:00:00 +0530 Wed, 03 Mar 2021 15:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=403201 The High Court partially allowed the writ application, quashing the Principal Commissioner's order due to a delay in filing the revision petition under Section 264 of the Income Tax Act. The matter was remitted back to the Principal Commissioner for adjudication solely on the issue of Section 50C, clarifying that the time limitation issue was settled and should not be revisited. The Court refrained from expressing any opinion on the merits, leaving it to the Principal Commissioner for decision in accordance with the law. Case-Laws Income Tax Mon, 18 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=403201