https://www.taxtmi.com/caselaws?id=412821 The appeal by the assessee was allowed as the Appellate Tribunal condoned the delay in filing the appeal due to the Covid-19 pandemic. The Principal Commissioner of Income Tax's order under Section 263 of the Income Tax Act was quashed as it was deemed bad in law and beyond the limitation period. The issue of disallowance under Section 57 had already been examined in the original assessment order, leading the Tribunal to conclude that the PCIT wrongly set aside the order under Section 143(3) r.w.s. 147. en-us Thu, 16 Sep 2021 00:00:00 +0530 Tue, 28 Sep 2021 06:58:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=412821 The appeal by the assessee was allowed as the Appellate Tribunal condoned the delay in filing the appeal due to the Covid-19 pandemic. The Principal Commissioner of Income Tax's order under Section 263 of the Income Tax Act was quashed as it was deemed bad in law and beyond the limitation period. The issue of disallowance under Section 57 had already been examined in the original assessment order, leading the Tribunal to conclude that the PCIT wrongly set aside the order under Section 143(3) r.w.s. 147. Case-Laws Income Tax Thu, 16 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=412821