https://www.taxtmi.com/caselaws?id=415335 The Tribunal allowed the appeal, ruling that the Principal Commissioner's assumption of revisionary jurisdiction under section 263 of the Income Tax Act and subsequent order were unlawful. The Tribunal emphasized the necessity of adhering to limited scrutiny scope and CBDT circulars, concluding in favor of the appellant and quashing the revisional proceedings and orders. en-us Mon, 08 Nov 2021 00:00:00 +0530 Fri, 03 Dec 2021 09:19:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=415335 The Tribunal allowed the appeal, ruling that the Principal Commissioner's assumption of revisionary jurisdiction under section 263 of the Income Tax Act and subsequent order were unlawful. The Tribunal emphasized the necessity of adhering to limited scrutiny scope and CBDT circulars, concluding in favor of the appellant and quashing the revisional proceedings and orders. Case-Laws Income Tax Mon, 08 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=415335