https://www.taxtmi.com/caselaws?id=298122 The Tribunal allowed both appeals of the assessee, ruling that the Commissioner's exercise of jurisdiction under section 263 against orders approved by the Additional CIT was invalid. The Tribunal held that in such cases, the Commissioner lacked the power to revise the assessment orders under section 263. Citing legal precedents, the Tribunal emphasized that when assessment orders are approved by the Additional CIT as required by law, the Commissioner's interference under section 263 is not justified. Consequently, the Tribunal canceled the orders passed under section 263 for the relevant assessment years. en-us Thu, 29 Nov 2018 00:00:00 +0530 Wed, 13 Oct 2021 08:41:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=298122 The Tribunal allowed both appeals of the assessee, ruling that the Commissioner's exercise of jurisdiction under section 263 against orders approved by the Additional CIT was invalid. The Tribunal held that in such cases, the Commissioner lacked the power to revise the assessment orders under section 263. Citing legal precedents, the Tribunal emphasized that when assessment orders are approved by the Additional CIT as required by law, the Commissioner's interference under section 263 is not justified. Consequently, the Tribunal canceled the orders passed under section 263 for the relevant assessment years. Case-Laws Income Tax Thu, 29 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=298122