https://www.taxtmi.com/caselaws?id=437448 The Tribunal allowed the appeal of the assessee, quashing the order of the Principal Commissioner of Income Tax (Pr. CIT). The Tribunal held that the omission of section 92BA(i) implied it never existed, rendering any proceedings under it invalid. As a result, the Pr. CIT could not exercise jurisdiction under section 263 based on the repealed provision, leading to the appeal being allowed and the Pr. CIT's order being overturned. en-us Thu, 04 May 2023 00:00:00 +0530 Fri, 05 May 2023 14:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=437448 The Tribunal allowed the appeal of the assessee, quashing the order of the Principal Commissioner of Income Tax (Pr. CIT). The Tribunal held that the omission of section 92BA(i) implied it never existed, rendering any proceedings under it invalid. As a result, the Pr. CIT could not exercise jurisdiction under section 263 based on the repealed provision, leading to the appeal being allowed and the Pr. CIT's order being overturned. Case-Laws Income Tax Thu, 04 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=437448