https://www.taxtmi.com/caselaws?id=414928 The Tribunal allowed both appeals, setting aside the Ld. PCIT's orders and restoring the original assessment orders for the years 2014-15 and 2015-16. The Tribunal held that the initiation of revision proceedings under section 263 was unjustified as the original assessment orders were found to be in line with legal precedents and not prejudicial to revenue interests. en-us Fri, 29 Oct 2021 00:00:00 +0530 Sat, 20 Nov 2021 09:56:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=414928 The Tribunal allowed both appeals, setting aside the Ld. PCIT's orders and restoring the original assessment orders for the years 2014-15 and 2015-16. The Tribunal held that the initiation of revision proceedings under section 263 was unjustified as the original assessment orders were found to be in line with legal precedents and not prejudicial to revenue interests. Case-Laws Income Tax Fri, 29 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=414928