https://www.taxtmi.com/caselaws?id=426190 The ITAT Mumbai quashed the order passed by the Principal Commissioner Income Tax under section 263 of the Income Tax Act for the assessment year 2010-11. The ITAT held that the subsequent order was invalid as it was based on a previously quashed order, rendering it beyond jurisdiction. The appeal was allowed, emphasizing the necessity of proper legal foundation for revisionary powers and the impact of prior judicial decisions on subsequent orders. en-us Wed, 03 Aug 2022 00:00:00 +0530 Tue, 09 Aug 2022 08:45:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=426190 The ITAT Mumbai quashed the order passed by the Principal Commissioner Income Tax under section 263 of the Income Tax Act for the assessment year 2010-11. The ITAT held that the subsequent order was invalid as it was based on a previously quashed order, rendering it beyond jurisdiction. The appeal was allowed, emphasizing the necessity of proper legal foundation for revisionary powers and the impact of prior judicial decisions on subsequent orders. Case-Laws Income Tax Wed, 03 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=426190