https://www.taxtmi.com/caselaws?id=305656 The Tribunal allowed the appeal, holding that the Principal Commissioner's revisional order under section 263 of the Income Tax Act was unsustainable. It emphasized the importance of adhering to the scope of limited scrutiny assessments and the need for revisional authorities to objectively demonstrate errors before directing further inquiries. The decision highlighted the significance of following CBDT instructions and maintaining the boundaries of supervisory jurisdiction under section 263. en-us Tue, 12 Oct 2021 00:00:00 +0530 Mon, 19 Dec 2022 09:14:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=305656 The Tribunal allowed the appeal, holding that the Principal Commissioner's revisional order under section 263 of the Income Tax Act was unsustainable. It emphasized the importance of adhering to the scope of limited scrutiny assessments and the need for revisional authorities to objectively demonstrate errors before directing further inquiries. The decision highlighted the significance of following CBDT instructions and maintaining the boundaries of supervisory jurisdiction under section 263. Case-Laws Income Tax Tue, 12 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=305656