https://www.taxtmi.com/caselaws?id=435802 The Tribunal quashed the Principal Commissioner of Income Tax's order, finding that the Assessing Officer had made a proper decision in line with the law and CBDT Circular regarding the Annual Letting Value of unsold flats held as stock-in-trade. The invocation of revisional jurisdiction under Section 263 by the PCIT was considered unjustified. The appeal of the assessee was allowed, and the order was pronounced on 03/02/2023. en-us Fri, 03 Feb 2023 00:00:00 +0530 Tue, 28 Mar 2023 08:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=435802 The Tribunal quashed the Principal Commissioner of Income Tax's order, finding that the Assessing Officer had made a proper decision in line with the law and CBDT Circular regarding the Annual Letting Value of unsold flats held as stock-in-trade. The invocation of revisional jurisdiction under Section 263 by the PCIT was considered unjustified. The appeal of the assessee was allowed, and the order was pronounced on 03/02/2023. Case-Laws Income Tax Fri, 03 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=435802