https://www.taxtmi.com/caselaws?id=418690 The High Court dismissed the appeal filed by the revenue, affirming the ITAT's decision. The Court held that once the income declared under the IDS, 2016 is accepted, the assessment order cannot be revised under Section 263 of the Income Tax Act. The Court emphasized the finality of declarations made under the IDS and restricted the PCIT's powers to revise such declarations. The appeal was dismissed, and the judgment favored the respondent, upholding the ITAT's decision. en-us Fri, 11 Feb 2022 00:00:00 +0530 Sat, 30 Apr 2022 16:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=418690 The High Court dismissed the appeal filed by the revenue, affirming the ITAT's decision. The Court held that once the income declared under the IDS, 2016 is accepted, the assessment order cannot be revised under Section 263 of the Income Tax Act. The Court emphasized the finality of declarations made under the IDS and restricted the PCIT's powers to revise such declarations. The appeal was dismissed, and the judgment favored the respondent, upholding the ITAT's decision. Case-Laws Income Tax Fri, 11 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=418690