https://www.taxtmi.com/caselaws?id=437611 The High Court upheld the Tribunal's decision in favor of the assessee regarding the jurisdiction of the Principal Commissioner of Income Tax under Section 263, emphasizing the limitations of a roving enquiry during limited scrutiny. The Court also supported the Tribunal's ruling on the validity of the order regarding disallowance under Section 14A, not initially part of the selected scrutiny issues. Additionally, the Court found the Tribunal's decision on the limited scrutiny issue justified, dismissing the appeal and rejecting the application for stay as no substantial question of law arose for consideration. en-us Fri, 18 Nov 2022 00:00:00 +0530 Tue, 09 May 2023 10:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=437611 The High Court upheld the Tribunal's decision in favor of the assessee regarding the jurisdiction of the Principal Commissioner of Income Tax under Section 263, emphasizing the limitations of a roving enquiry during limited scrutiny. The Court also supported the Tribunal's ruling on the validity of the order regarding disallowance under Section 14A, not initially part of the selected scrutiny issues. Additionally, the Court found the Tribunal's decision on the limited scrutiny issue justified, dismissing the appeal and rejecting the application for stay as no substantial question of law arose for consideration. Case-Laws Income Tax Fri, 18 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=437611