https://www.taxtmi.com/caselaws?id=429530 The Tribunal set aside the Principal Commissioner of Income Tax's order under Section 263, restoring the Assessing Officer's order under Section 143(3) read with Section 147. The Tribunal held that the Assessing Officer's actions were in accordance with legal requirements, and the Principal Commissioner's order was not justified based on the facts of the case and legal provisions. The Tribunal emphasized that the Assessing Officer lacked jurisdiction to verify and make independent additions unrelated to the specific issue for which the case was reopened. en-us Wed, 30 Mar 2022 00:00:00 +0530 Sat, 29 Oct 2022 17:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429530 The Tribunal set aside the Principal Commissioner of Income Tax's order under Section 263, restoring the Assessing Officer's order under Section 143(3) read with Section 147. The Tribunal held that the Assessing Officer's actions were in accordance with legal requirements, and the Principal Commissioner's order was not justified based on the facts of the case and legal provisions. The Tribunal emphasized that the Assessing Officer lacked jurisdiction to verify and make independent additions unrelated to the specific issue for which the case was reopened. Case-Laws Income Tax Wed, 30 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429530