https://www.taxtmi.com/caselaws?id=412505 The Tribunal allowed the appeal based on the invalid assumption of revision jurisdiction u/s.263 by the Pr. CIT, refraining from addressing the merits of the addition. The Tribunal emphasized the statutory provisions and the importance of adhering to the correct interpretation of the law in tax assessments. en-us Mon, 30 Aug 2021 00:00:00 +0530 Mon, 20 Sep 2021 09:20:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=412505 The Tribunal allowed the appeal based on the invalid assumption of revision jurisdiction u/s.263 by the Pr. CIT, refraining from addressing the merits of the addition. The Tribunal emphasized the statutory provisions and the importance of adhering to the correct interpretation of the law in tax assessments. Case-Laws Income Tax Mon, 30 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=412505