https://www.taxtmi.com/caselaws?id=431820 The Tribunal ruled in favor of the appellant, a company operating casual dining restaurants, in three appeals challenging the Principal Commissioner's order under section 263 of the Income Tax Act for assessment years 2012-13, 2013-14, and 2015-16. The Tribunal held that the Principal Commissioner's invocation of revisionary powers under section 263 was unjustified as the issues in question did not stem from incriminating material, ultimately quashing the order passed under section 263. The judgment was delivered by the ITAT Bangalore on December 19, 2022, in favor of the appellant. en-us Mon, 19 Dec 2022 00:00:00 +0530 Thu, 22 Dec 2022 08:44:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=431820 The Tribunal ruled in favor of the appellant, a company operating casual dining restaurants, in three appeals challenging the Principal Commissioner's order under section 263 of the Income Tax Act for assessment years 2012-13, 2013-14, and 2015-16. The Tribunal held that the Principal Commissioner's invocation of revisionary powers under section 263 was unjustified as the issues in question did not stem from incriminating material, ultimately quashing the order passed under section 263. The judgment was delivered by the ITAT Bangalore on December 19, 2022, in favor of the appellant. Case-Laws Income Tax Mon, 19 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=431820