https://www.taxtmi.com/caselaws?id=298779 The Tribunal held that the Commissioner's revisionary powers under section 263 of the Income-tax Act were invalid and incorrect in law. The assessment orders approved under section 153D could not be revised under section 263, as established in previous cases. The appeals of the assessee were allowed in ITA Nos. 596, 597 & 599/PUN/2015, while the appeal in ITA No. 598/PUN/2015 was dismissed. en-us Wed, 28 Nov 2018 00:00:00 +0530 Sat, 20 Nov 2021 09:54:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=298779 The Tribunal held that the Commissioner's revisionary powers under section 263 of the Income-tax Act were invalid and incorrect in law. The assessment orders approved under section 153D could not be revised under section 263, as established in previous cases. The appeals of the assessee were allowed in ITA Nos. 596, 597 & 599/PUN/2015, while the appeal in ITA No. 598/PUN/2015 was dismissed. Case-Laws Income Tax Wed, 28 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=298779