https://www.taxtmi.com/caselaws?id=428243 The Tribunal allowed the appeal of the assessee against the order of the Principal Commissioner of Income Tax (Pr. CIT) under Section 263 of the Income Tax Act for the assessment year 2016-17. The delay in filing the appeal was condoned due to reasons related to the COVID-19 pandemic. The Tribunal found that the Pr. CIT's order was unsustainable as the issues raised had already been considered and decided by the Commissioner of Income Tax (CIT(A)). Since the matters were already addressed in the appellate order, the Tribunal quashed the Section 263 order, emphasizing the limitation of revisionary powers under Section 263. en-us Fri, 23 Sep 2022 00:00:00 +0530 Tue, 27 Sep 2022 09:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=428243 The Tribunal allowed the appeal of the assessee against the order of the Principal Commissioner of Income Tax (Pr. CIT) under Section 263 of the Income Tax Act for the assessment year 2016-17. The delay in filing the appeal was condoned due to reasons related to the COVID-19 pandemic. The Tribunal found that the Pr. CIT's order was unsustainable as the issues raised had already been considered and decided by the Commissioner of Income Tax (CIT(A)). Since the matters were already addressed in the appellate order, the Tribunal quashed the Section 263 order, emphasizing the limitation of revisionary powers under Section 263. Case-Laws Income Tax Fri, 23 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=428243