https://www.taxtmi.com/caselaws?id=432381 The tribunal quashed the Principal Commissioner of Income Tax's revision order under Section 263, emphasizing the importance of judicial discipline and adherence to appellate tribunal decisions. The appeal by the assessee was allowed, citing a prior tribunal decision in the assessee's favor for a similar issue. The tribunal stressed the necessity of following higher judicial forums' decisions and maintaining consistency in tax assessments, ultimately reinforcing the principle of judicial discipline in tax matters. en-us Fri, 30 Dec 2022 00:00:00 +0530 Tue, 03 Jan 2023 11:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=432381 The tribunal quashed the Principal Commissioner of Income Tax's revision order under Section 263, emphasizing the importance of judicial discipline and adherence to appellate tribunal decisions. The appeal by the assessee was allowed, citing a prior tribunal decision in the assessee's favor for a similar issue. The tribunal stressed the necessity of following higher judicial forums' decisions and maintaining consistency in tax assessments, ultimately reinforcing the principle of judicial discipline in tax matters. Case-Laws Income Tax Fri, 30 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=432381