https://www.taxtmi.com/caselaws?id=412575 The Tribunal allowed the appeal, setting aside the revision order by the PCIT under section 263 of the Income Tax Act, 1961, for the assessment year 2013-14. The Tribunal held that the revision order was time-barred as it exceeded the two-year limit from the original assessment date. Legal precedents were cited to support the decision, emphasizing that the revision was beyond the prescribed time limit. The Tribunal's verdict was in favor of the assessee, quashing the PCIT's revision order due to being barred by limitation. en-us Fri, 17 Sep 2021 00:00:00 +0530 Wed, 22 Sep 2021 13:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=412575 The Tribunal allowed the appeal, setting aside the revision order by the PCIT under section 263 of the Income Tax Act, 1961, for the assessment year 2013-14. The Tribunal held that the revision order was time-barred as it exceeded the two-year limit from the original assessment date. Legal precedents were cited to support the decision, emphasizing that the revision was beyond the prescribed time limit. The Tribunal's verdict was in favor of the assessee, quashing the PCIT's revision order due to being barred by limitation. Case-Laws Income Tax Fri, 17 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=412575