https://www.taxtmi.com/caselaws?id=425381 The Tribunal allowed all the assessee's appeals, quashing the revision orders passed by the Principal Commissioner of Income Tax for the assessment years 2008-09, 2009-10, and 2010-11. The Tribunal emphasized the need for independent judgment by the Principal Commissioner and the requirement of incriminating material for assessments under section 153A. Additionally, the Tribunal highlighted the inapplicability of Explanation 2(a) to section 263(1) for the relevant assessment years. en-us Thu, 07 Jul 2022 00:00:00 +0530 Fri, 22 Jul 2022 09:17:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=425381 The Tribunal allowed all the assessee's appeals, quashing the revision orders passed by the Principal Commissioner of Income Tax for the assessment years 2008-09, 2009-10, and 2010-11. The Tribunal emphasized the need for independent judgment by the Principal Commissioner and the requirement of incriminating material for assessments under section 153A. Additionally, the Tribunal highlighted the inapplicability of Explanation 2(a) to section 263(1) for the relevant assessment years. Case-Laws Income Tax Thu, 07 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=425381