https://www.taxtmi.com/caselaws?id=301323 The Tribunal held that the Principal Commissioner of Income Tax improperly delegated revisional jurisdiction to the Assessing Officer under section 263 of the Income Tax Act. It was ruled that only the Principal Commissioner or Commissioner can exercise such authority, as per the law. The Tribunal quashed the Principal Commissioner's order and allowed the Assessee's appeal, emphasizing the exclusive power of the Principal Commissioner or Commissioner to exercise revisional jurisdiction in tax matters. en-us Wed, 16 Jan 2019 00:00:00 +0530 Sun, 27 Mar 2022 09:26:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=301323 The Tribunal held that the Principal Commissioner of Income Tax improperly delegated revisional jurisdiction to the Assessing Officer under section 263 of the Income Tax Act. It was ruled that only the Principal Commissioner or Commissioner can exercise such authority, as per the law. The Tribunal quashed the Principal Commissioner's order and allowed the Assessee's appeal, emphasizing the exclusive power of the Principal Commissioner or Commissioner to exercise revisional jurisdiction in tax matters. Case-Laws Income Tax Wed, 16 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=301323