https://www.taxtmi.com/caselaws?id=429014 The High Court upheld the Tribunal's decision, dismissing the Revenue's appeal. It declared the 3rd Assessment Order as having no legal effect, reinforcing the invalidity of the PCIT's actions under Section 263 for the second time. The judgment emphasized the legal principles governing the re-examination of assessments under Section 263 and the impermissibility of repetitive scrutiny of the same issues, highlighting the importance of procedural adherence and the limitations on revisiting assessments already examined by the Assessing Officer. en-us Tue, 11 Oct 2022 00:00:00 +0530 Fri, 11 Aug 2023 10:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429014 The High Court upheld the Tribunal's decision, dismissing the Revenue's appeal. It declared the 3rd Assessment Order as having no legal effect, reinforcing the invalidity of the PCIT's actions under Section 263 for the second time. The judgment emphasized the legal principles governing the re-examination of assessments under Section 263 and the impermissibility of repetitive scrutiny of the same issues, highlighting the importance of procedural adherence and the limitations on revisiting assessments already examined by the Assessing Officer. Case-Laws Income Tax Tue, 11 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429014