https://www.taxtmi.com/caselaws?id=433606 The Tribunal allowed the appeal, setting aside the Commissioner's order under section 263 of the Income Tax Act for A.Y. 2012-13. It held that the Commissioner exceeded his revisionary powers as the issues were pending before the CIT(Appeals), emphasizing the CIT(Appeals)' authority to address errors in quantification of undisclosed income. The decision underscored the limitations on revisionary powers and affirmed the role of the CIT(Appeals) in resolving assessment issues, ultimately favoring the assessee and quashing the Commissioner's order. en-us Wed, 01 Feb 2023 00:00:00 +0530 Sat, 04 Feb 2023 08:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=433606 The Tribunal allowed the appeal, setting aside the Commissioner's order under section 263 of the Income Tax Act for A.Y. 2012-13. It held that the Commissioner exceeded his revisionary powers as the issues were pending before the CIT(Appeals), emphasizing the CIT(Appeals)' authority to address errors in quantification of undisclosed income. The decision underscored the limitations on revisionary powers and affirmed the role of the CIT(Appeals) in resolving assessment issues, ultimately favoring the assessee and quashing the Commissioner's order. Case-Laws Income Tax Wed, 01 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=433606