https://www.taxtmi.com/caselaws?id=417168 The Tribunal held that the revision order passed by the Principal Commissioner of Income Tax (PCIT) under Section 263 of the Income Tax Act, 1961 was barred by limitation as it was issued after the expiry of two years from the end of the financial year in which the original assessment order was passed. Consequently, the Tribunal quashed the revision order and allowed the appeal filed by the assessee. en-us Mon, 03 Jan 2022 00:00:00 +0530 Mon, 17 Jan 2022 08:56:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417168 The Tribunal held that the revision order passed by the Principal Commissioner of Income Tax (PCIT) under Section 263 of the Income Tax Act, 1961 was barred by limitation as it was issued after the expiry of two years from the end of the financial year in which the original assessment order was passed. Consequently, the Tribunal quashed the revision order and allowed the appeal filed by the assessee. Case-Laws Income Tax Mon, 03 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417168