https://www.taxtmi.com/caselaws?id=430753 HC dismissed the revenue's appeal and upheld the tribunal's order setting aside the PCIT's revision under s.263. The court found no record showing proper exercise of jurisdiction under s.263 and agreed the tribunal validly granted relief partly because the PCIT's action was impermissibly prompted by the assessing officer and the revenue did not challenge that legal finding. Earlier HC authority with similar facts supported upholding the tribunal. Consequently the tribunal's conclusion that the s.263 revision was incorrect was affirmed and the revenue's appeal was dismissed. en-us Tue, 22 Nov 2022 00:00:00 +0530 Sat, 20 Sep 2025 12:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430753 HC dismissed the revenue's appeal and upheld the tribunal's order setting aside the PCIT's revision under s.263. The court found no record showing proper exercise of jurisdiction under s.263 and agreed the tribunal validly granted relief partly because the PCIT's action was impermissibly prompted by the assessing officer and the revenue did not challenge that legal finding. Earlier HC authority with similar facts supported upholding the tribunal. Consequently the tribunal's conclusion that the s.263 revision was incorrect was affirmed and the revenue's appeal was dismissed. Case-Laws Income Tax Tue, 22 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430753