https://www.taxtmi.com/caselaws?id=414925 The Tribunal ruled in favor of the assessee, setting aside the revisional order under Section 263 due to lack of jurisdiction and the illegal basis of the assessment order. The decision highlighted the importance of valid jurisdiction in assessment proceedings and emphasized that fundamental defects render assessment orders void ab initio, precluding revision under the Income Tax Act. en-us Mon, 11 Oct 2021 00:00:00 +0530 Fri, 19 Nov 2021 21:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=414925 The Tribunal ruled in favor of the assessee, setting aside the revisional order under Section 263 due to lack of jurisdiction and the illegal basis of the assessment order. The decision highlighted the importance of valid jurisdiction in assessment proceedings and emphasized that fundamental defects render assessment orders void ab initio, precluding revision under the Income Tax Act. Case-Laws Income Tax Mon, 11 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=414925