https://www.taxtmi.com/caselaws?id=430953 The Tribunal allowed the appeal of the assessee, quashing the revision order passed under Section 263 of the Income Tax Act. The Tribunal found that the issues raised were not properly addressed by the Principal Commissioner of Income Tax, as the discrepancies in Work-in-Progress figures were not raised in the show cause notice, and the TDS issue had already been considered by the Assessing Officer without further investigation. Consequently, the Tribunal held the revision order to be unsustainable and ruled in favor of the assessee. en-us Wed, 30 Nov 2022 00:00:00 +0530 Fri, 02 Dec 2022 07:50:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430953 The Tribunal allowed the appeal of the assessee, quashing the revision order passed under Section 263 of the Income Tax Act. The Tribunal found that the issues raised were not properly addressed by the Principal Commissioner of Income Tax, as the discrepancies in Work-in-Progress figures were not raised in the show cause notice, and the TDS issue had already been considered by the Assessing Officer without further investigation. Consequently, the Tribunal held the revision order to be unsustainable and ruled in favor of the assessee. Case-Laws Income Tax Wed, 30 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430953