https://www.taxtmi.com/highlights?id=58986 Revision u/s 263 - Being conscious of the fact that the original assessment order could not be revised under section 263 of the Act due to bar of limitation, as provided under sub section (2) of section 263 of the Act, learned PCIT, as it appears, has proceeded to revise the assessment order passed under section 143(3) r.w.s. 147 of the Act to get over the hurdle of limitation. This, in our view, is impermissible. - AT en-us Fri, 30 Jul 2021 15:58:41 +0530 Fri, 30 Jul 2021 15:58:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=58986 Revision u/s 263 - Being conscious of the fact that the original assessment order could not be revised under section 263 of the Act due to bar of limitation, as provided under sub section (2) of section 263 of the Act, learned PCIT, as it appears, has proceeded to revise the assessment order passed under section 143(3) r.w.s. 147 of the Act to get over the hurdle of limitation. This, in our view, is impermissible. - AT Highlights Income Tax Fri, 30 Jul 2021 15:58:41 +0530 https://www.taxtmi.com/highlights?id=58986