https://www.taxtmi.com/caselaws?id=434758 The ITAT ruled in favor of the assessee, setting aside the PCIT's order under section 263. The ITAT found that the issues raised were already considered by the AO and were subject to appeal before the CIT(Appeals), holding that the PCIT's jurisdiction was barred in such circumstances. The decision was based on established legal principles and precedents, emphasizing that the PCIT could not assume jurisdiction over matters already pending before the appellate authority. en-us Wed, 22 Feb 2023 00:00:00 +0530 Fri, 03 Mar 2023 00:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=434758 The ITAT ruled in favor of the assessee, setting aside the PCIT's order under section 263. The ITAT found that the issues raised were already considered by the AO and were subject to appeal before the CIT(Appeals), holding that the PCIT's jurisdiction was barred in such circumstances. The decision was based on established legal principles and precedents, emphasizing that the PCIT could not assume jurisdiction over matters already pending before the appellate authority. Case-Laws Income Tax Wed, 22 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=434758