https://www.taxtmi.com/caselaws?id=417161 The Tribunal allowed the appeal of the assessee, setting aside the order passed by the Principal Commissioner of Income Tax under Section 263. The Tribunal held that the Commissioner's direction for further inquiry exceeded the scope of Section 263, as specific errors causing prejudice to the Revenue were not pointed out. The Tribunal concluded that the exercise of revisionary jurisdiction was not in accordance with the law, ultimately ruling in favor of the assessee. en-us Tue, 14 Dec 2021 00:00:00 +0530 Mon, 17 Jan 2022 08:56:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417161 The Tribunal allowed the appeal of the assessee, setting aside the order passed by the Principal Commissioner of Income Tax under Section 263. The Tribunal held that the Commissioner's direction for further inquiry exceeded the scope of Section 263, as specific errors causing prejudice to the Revenue were not pointed out. The Tribunal concluded that the exercise of revisionary jurisdiction was not in accordance with the law, ultimately ruling in favor of the assessee. Case-Laws Income Tax Tue, 14 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417161