https://www.taxtmi.com/caselaws?id=407886 The tribunal upheld the Principal Commissioner of Income Tax's (PCIT) invocation of revisionary powers under section 263, dismissing the assessee's appeal. It ruled that the Assessing Officer cannot deviate from the draft assessment order without directions from the Dispute Resolution Panel (DRP). The tribunal emphasized that any such deviation is erroneous and prejudicial to revenue's interest. It clarified that the merits of the disallowances proposed were not relevant at this stage, stating that the remedy against unjust disallowances lies in the appellate process. The decision was pronounced on 24th May 2021. en-us Mon, 24 May 2021 00:00:00 +0530 Tue, 25 May 2021 08:39:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407886 The tribunal upheld the Principal Commissioner of Income Tax's (PCIT) invocation of revisionary powers under section 263, dismissing the assessee's appeal. It ruled that the Assessing Officer cannot deviate from the draft assessment order without directions from the Dispute Resolution Panel (DRP). The tribunal emphasized that any such deviation is erroneous and prejudicial to revenue's interest. It clarified that the merits of the disallowances proposed were not relevant at this stage, stating that the remedy against unjust disallowances lies in the appellate process. The decision was pronounced on 24th May 2021. Case-Laws Income Tax Mon, 24 May 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407886