https://www.taxtmi.com/caselaws?id=408857 The Tribunal held that the Principal Commissioner of Income Tax (PCIT) did not meet the jurisdictional conditions to invoke revisional jurisdiction under Section 263 of the Income Tax Act. The Assessment Officer's order was deemed proper, not erroneous, and not prejudicial to the Revenue's interest. The Tribunal emphasized the thorough investigation conducted by the AO and overturned the PCIT's decision, ruling in favor of the assessee. en-us Fri, 18 Jun 2021 00:00:00 +0530 Tue, 22 Jun 2021 12:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408857 The Tribunal held that the Principal Commissioner of Income Tax (PCIT) did not meet the jurisdictional conditions to invoke revisional jurisdiction under Section 263 of the Income Tax Act. The Assessment Officer's order was deemed proper, not erroneous, and not prejudicial to the Revenue's interest. The Tribunal emphasized the thorough investigation conducted by the AO and overturned the PCIT's decision, ruling in favor of the assessee. Case-Laws Income Tax Fri, 18 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408857