https://www.taxtmi.com/highlights?id=66530 Revision u/s 263 by CIT - Deduction of expenses from additional income (on money) declared u/s 69A - service tax which is related to “on money” and remuneration paid to partners - Since the order of the AO cannot be held to be erroneous as well as prejudicial to the interest of the revenue, in the facts and circumstances narrated above, the usurpation of jurisdiction exercising revisional jurisdiction by the Principal CIT is “null” in the eyes of law - AT en-us Mon, 14 Nov 2022 17:02:28 +0530 Mon, 14 Nov 2022 17:02:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=66530 Revision u/s 263 by CIT - Deduction of expenses from additional income (on money) declared u/s 69A - service tax which is related to “on money” and remuneration paid to partners - Since the order of the AO cannot be held to be erroneous as well as prejudicial to the interest of the revenue, in the facts and circumstances narrated above, the usurpation of jurisdiction exercising revisional jurisdiction by the Principal CIT is “null” in the eyes of law - AT Highlights Income Tax Mon, 14 Nov 2022 17:02:28 +0530 https://www.taxtmi.com/highlights?id=66530