https://www.taxtmi.com/caselaws?id=412549 The Tribunal quashed the order passed under Section 263 of the Income Tax Act, holding that the Principal Commissioner of Income Tax (PCIT) erred in proceeding with the revision as the original assessment order had been quashed. The Tribunal emphasized the necessity of a valid assessment order for proceedings under Section 263 to be valid. As there was no valid assessment order due to its earlier quashing, the Tribunal allowed the appeal of the assessee, setting aside the impugned order. en-us Fri, 17 Sep 2021 00:00:00 +0530 Mon, 20 Sep 2021 12:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=412549 The Tribunal quashed the order passed under Section 263 of the Income Tax Act, holding that the Principal Commissioner of Income Tax (PCIT) erred in proceeding with the revision as the original assessment order had been quashed. The Tribunal emphasized the necessity of a valid assessment order for proceedings under Section 263 to be valid. As there was no valid assessment order due to its earlier quashing, the Tribunal allowed the appeal of the assessee, setting aside the impugned order. Case-Laws Income Tax Fri, 17 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=412549