https://www.taxtmi.com/caselaws?id=425541 The High Court upheld the decision of the ITAT, ruling in favor of the Appellant by dismissing the Appeal. It affirmed that the Commissioner's Order was time-barred under Section 263(2) of the Income Tax Act, emphasizing the importance of adhering to statutory limitations in exercising revisional powers. The Court agreed that the show cause notice did not align with the specific order under scrutiny, thus concluding that the Commissioner's Order lacked merit and was beyond the permissible timeframe for revision. en-us Thu, 21 Jul 2022 00:00:00 +0530 Tue, 26 Jul 2022 09:19:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=425541 The High Court upheld the decision of the ITAT, ruling in favor of the Appellant by dismissing the Appeal. It affirmed that the Commissioner's Order was time-barred under Section 263(2) of the Income Tax Act, emphasizing the importance of adhering to statutory limitations in exercising revisional powers. The Court agreed that the show cause notice did not align with the specific order under scrutiny, thus concluding that the Commissioner's Order lacked merit and was beyond the permissible timeframe for revision. Case-Laws Income Tax Thu, 21 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=425541