https://www.taxtmi.com/caselaws?id=299013 The Tribunal allowed the appeal of the assessee against the order of the Principal Commissioner of Income Tax-10, Kolkata dated 29.01.2019 under section 263 of the Income Tax Act, 1961 for the assessment year 2014-15. The Tribunal held that once the income offered under the Income Declaration Scheme (IDS) 2016 is accepted by the Department, the assessment order cannot be revised. It was deemed inappropriate for the Principal Commissioner to revise the assessment order under section 263 after the assessee availed IDS 2016 and paid taxes, as it would contradict the spirit of the scheme. en-us Wed, 15 Jan 2020 00:00:00 +0530 Wed, 01 Dec 2021 08:49:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=299013 The Tribunal allowed the appeal of the assessee against the order of the Principal Commissioner of Income Tax-10, Kolkata dated 29.01.2019 under section 263 of the Income Tax Act, 1961 for the assessment year 2014-15. The Tribunal held that once the income offered under the Income Declaration Scheme (IDS) 2016 is accepted by the Department, the assessment order cannot be revised. It was deemed inappropriate for the Principal Commissioner to revise the assessment order under section 263 after the assessee availed IDS 2016 and paid taxes, as it would contradict the spirit of the scheme. Case-Laws Income Tax Wed, 15 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=299013