https://www.taxtmi.com/caselaws?id=411397 The court granted an adjournment for the Income Tax Department to examine a challenge to an order under Section 263 of the Income Tax Act 1961, citing lack of jurisdiction. The court ordered no action against the petitioner until the next hearing, emphasizing the necessity for the Principal Commissioner to establish both the erroneous nature of the order and its prejudicial impact on revenue before proceeding under Section 263. This cautious approach ensures procedural fairness and adherence to legal standards in tax matters. en-us Thu, 19 Aug 2021 00:00:00 +0530 Tue, 24 Aug 2021 08:15:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=411397 The court granted an adjournment for the Income Tax Department to examine a challenge to an order under Section 263 of the Income Tax Act 1961, citing lack of jurisdiction. The court ordered no action against the petitioner until the next hearing, emphasizing the necessity for the Principal Commissioner to establish both the erroneous nature of the order and its prejudicial impact on revenue before proceeding under Section 263. This cautious approach ensures procedural fairness and adherence to legal standards in tax matters. Case-Laws Income Tax Thu, 19 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=411397