https://www.taxtmi.com/caselaws?id=408856 The Tribunal held that the Principal Commissioner of Income Tax (PCIT) lacked jurisdiction to invoke revisional powers under Section 263 as the Assessing Officer (AO) had not erred in accepting the short-term capital loss claim. The AO had conducted a thorough enquiry, leading to the Tribunal quashing the PCIT's order and allowing the assessee's appeal. en-us Fri, 18 Jun 2021 00:00:00 +0530 Wed, 23 Jun 2021 10:12:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408856 The Tribunal held that the Principal Commissioner of Income Tax (PCIT) lacked jurisdiction to invoke revisional powers under Section 263 as the Assessing Officer (AO) had not erred in accepting the short-term capital loss claim. The AO had conducted a thorough enquiry, leading to the Tribunal quashing the PCIT's order and allowing the assessee's appeal. Case-Laws Income Tax Fri, 18 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408856