https://www.taxtmi.com/highlights?id=58912 Revision u/s 263 - When the ld. Commissioner issued a show cause notice under section 263 and ultimately passed impugned order; by that time the alleged domestic transaction of purchase from related party was not required to be considered as a specified domestic transaction under section 92BA of the Act. It has been omitted, and therefore, no proceedings under section 263 should have been undertaken by the ld. Commissioner - Revision order quashed - AT en-us Sat, 24 Jul 2021 13:39:10 +0530 Sat, 24 Jul 2021 13:39:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=58912 Revision u/s 263 - When the ld. Commissioner issued a show cause notice under section 263 and ultimately passed impugned order; by that time the alleged domestic transaction of purchase from related party was not required to be considered as a specified domestic transaction under section 92BA of the Act. It has been omitted, and therefore, no proceedings under section 263 should have been undertaken by the ld. Commissioner - Revision order quashed - AT Highlights Income Tax Sat, 24 Jul 2021 13:39:10 +0530 https://www.taxtmi.com/highlights?id=58912