https://www.taxtmi.com/caselaws?id=418353 The Tribunal held that the second Principal Commissioner of Income-tax's action of invoking revisional jurisdiction under Section 263 was null and void as it did not satisfy the condition precedent. The reassessment order passed by the Assessing Officer was deemed to be valid as it was based on a thorough enquiry and verification of facts. The appeal of the assessee was allowed, and the impugned action of the Principal Commissioner of Income-tax was quashed. en-us Wed, 22 Dec 2021 00:00:00 +0530 Tue, 15 Feb 2022 16:29:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=418353 The Tribunal held that the second Principal Commissioner of Income-tax's action of invoking revisional jurisdiction under Section 263 was null and void as it did not satisfy the condition precedent. The reassessment order passed by the Assessing Officer was deemed to be valid as it was based on a thorough enquiry and verification of facts. The appeal of the assessee was allowed, and the impugned action of the Principal Commissioner of Income-tax was quashed. Case-Laws Income Tax Wed, 22 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=418353