https://www.taxtmi.com/caselaws?id=294293 The Tribunal concluded that the order passed by the Principal Commissioner of Income Tax (Pr. CIT) under Section 263 was not justified and quashed it. The procedural lapses in the initiation and imposition of the penalty, coupled with the finality achieved under the Direct Tax Dispute Resolution Scheme, 2016, prevented the Pr. CIT from invoking Section 263. Therefore, the appeal of the assessee was allowed. en-us Thu, 14 Jun 2018 00:00:00 +0530 Sun, 04 Apr 2021 14:53:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=294293 The Tribunal concluded that the order passed by the Principal Commissioner of Income Tax (Pr. CIT) under Section 263 was not justified and quashed it. The procedural lapses in the initiation and imposition of the penalty, coupled with the finality achieved under the Direct Tax Dispute Resolution Scheme, 2016, prevented the Pr. CIT from invoking Section 263. Therefore, the appeal of the assessee was allowed. Case-Laws Income Tax Thu, 14 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=294293