https://www.taxtmi.com/caselaws?id=419486 The tribunal ruled in favor of the assessee, quashing the Principal Commissioner of Income Tax's revision order under section 263 of the Income Tax Act for the assessment year 2011-12. The tribunal held that the revision was based on an issue already decided by the CIT(A) and that the reassessment was void ab initio as no addition was made despite reasons to believe income had escaped assessment. Consequently, the tribunal allowed the assessee's appeal regarding the validity of revisionary jurisdiction and the disallowance of investment transaction fees under section 14A of the Act. en-us Fri, 25 Feb 2022 00:00:00 +0530 Thu, 23 Jul 2026 12:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=419486 The tribunal ruled in favor of the assessee, quashing the Principal Commissioner of Income Tax's revision order under section 263 of the Income Tax Act for the assessment year 2011-12. The tribunal held that the revision was based on an issue already decided by the CIT(A) and that the reassessment was void ab initio as no addition was made despite reasons to believe income had escaped assessment. Consequently, the tribunal allowed the assessee's appeal regarding the validity of revisionary jurisdiction and the disallowance of investment transaction fees under section 14A of the Act. Case-Laws Income Tax Fri, 25 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=419486