https://www.taxtmi.com/caselaws?id=413123 The High Court upheld the decision of the ITAT, ruling that the PCIT's order under Section 263 was unsustainable as it was based on a different legal perspective. The Court emphasized that if the Assessing Officer chose one of two possible views, there is no basis for revision unless the chosen view is erroneous. Finding no substantial legal question, the Court dismissed the appeal as meritless, affirming that no perversity or incorrect principles were applied in the case. en-us Wed, 29 Sep 2021 00:00:00 +0530 Tue, 05 Oct 2021 08:42:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=413123 The High Court upheld the decision of the ITAT, ruling that the PCIT's order under Section 263 was unsustainable as it was based on a different legal perspective. The Court emphasized that if the Assessing Officer chose one of two possible views, there is no basis for revision unless the chosen view is erroneous. Finding no substantial legal question, the Court dismissed the appeal as meritless, affirming that no perversity or incorrect principles were applied in the case. Case-Laws Income Tax Wed, 29 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=413123