https://www.taxtmi.com/caselaws?id=426564 The appeal challenging the legality of the revisional jurisdiction exercised by the Principal Commissioner of Income Tax under section 263 was dismissed. The court upheld the revision order directing the Assessing Officer to invoke provisions in section 115BBE for undisclosed income, as the source of income was not adequately verified, justifying the revision and dismissal of the appeal. The court found the revision to be within proper jurisdiction and in line with the requirements of error and prejudice under section 263. en-us Wed, 17 Aug 2022 00:00:00 +0530 Sat, 20 Aug 2022 08:28:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=426564 The appeal challenging the legality of the revisional jurisdiction exercised by the Principal Commissioner of Income Tax under section 263 was dismissed. The court upheld the revision order directing the Assessing Officer to invoke provisions in section 115BBE for undisclosed income, as the source of income was not adequately verified, justifying the revision and dismissal of the appeal. The court found the revision to be within proper jurisdiction and in line with the requirements of error and prejudice under section 263. Case-Laws Income Tax Wed, 17 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=426564