https://www.taxtmi.com/caselaws?id=432233 The Tribunal ruled in favor of the appellant, determining that the AO's order under sections 201(1) and 201(1A) for AY 2020-21 was not erroneous. Consequently, the CIT's invocation of revisional jurisdiction under section 263 was deemed unwarranted. The Tribunal found that the AO had duly considered the relevant provisions, including section 194LC, and had taken a plausible view. The CIT's directive for a fresh order was set aside, and the appeal was allowed, upholding the original assessment by the AO. en-us Wed, 07 Dec 2022 00:00:00 +0530 Fri, 20 Dec 2024 11:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=432233 The Tribunal ruled in favor of the appellant, determining that the AO's order under sections 201(1) and 201(1A) for AY 2020-21 was not erroneous. Consequently, the CIT's invocation of revisional jurisdiction under section 263 was deemed unwarranted. The Tribunal found that the AO had duly considered the relevant provisions, including section 194LC, and had taken a plausible view. The CIT's directive for a fresh order was set aside, and the appeal was allowed, upholding the original assessment by the AO. Case-Laws Income Tax Wed, 07 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=432233