https://www.taxtmi.com/caselaws?id=420792 The Tribunal allowed the appeal, holding that the Principal Commissioner of Income Tax exceeded jurisdiction by directing a fresh assessment on issues beyond the limited scrutiny under section 263. The Tribunal found that the Principal Commissioner's actions were not in line with the purpose of the initial assessment, citing precedents to support its decision. Consequently, the Tribunal set aside the order under section 263 of the Income Tax Act, granting relief to the appellant. en-us Thu, 07 Apr 2022 00:00:00 +0530 Fri, 08 Apr 2022 12:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=420792 The Tribunal allowed the appeal, holding that the Principal Commissioner of Income Tax exceeded jurisdiction by directing a fresh assessment on issues beyond the limited scrutiny under section 263. The Tribunal found that the Principal Commissioner's actions were not in line with the purpose of the initial assessment, citing precedents to support its decision. Consequently, the Tribunal set aside the order under section 263 of the Income Tax Act, granting relief to the appellant. Case-Laws Income Tax Thu, 07 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=420792