https://www.taxtmi.com/caselaws?id=434228 The tribunal found that the Principal Commissioner invalidly invoked revisionary jurisdiction under section 263 of the Income Tax Act. Citing legal precedents, it concluded that the assessment order could not be deemed erroneous unless the Assessing Officer's view was legally unsustainable. Emphasizing that the Principal Commissioner cannot conduct fishing expeditions in concluded matters, the tribunal quashed the order and allowed the assessee's appeal. The judgment was delivered on 16th December 2022 in Kolkata. en-us Fri, 16 Dec 2022 00:00:00 +0530 Sat, 18 Feb 2023 15:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=434228 The tribunal found that the Principal Commissioner invalidly invoked revisionary jurisdiction under section 263 of the Income Tax Act. Citing legal precedents, it concluded that the assessment order could not be deemed erroneous unless the Assessing Officer's view was legally unsustainable. Emphasizing that the Principal Commissioner cannot conduct fishing expeditions in concluded matters, the tribunal quashed the order and allowed the assessee's appeal. The judgment was delivered on 16th December 2022 in Kolkata. Case-Laws Income Tax Fri, 16 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=434228