https://www.taxtmi.com/highlights?id=71049 Revision u/s 263 - validity of notice as issued by the ITO who is below the rank of ld. PCIT - The statute never permitted in section 263 for delegation of power to the authority below for issuance of notice for initiation of proceedings. - The delegation if possible if permitted by the law. DR was unable to place any judgment against the submission of assessee. Accordingly, the notice issued U/s 263 is invalid. - AT en-us Sat, 22 Jul 2023 23:02:53 +0530 Mon, 24 Jul 2023 14:26:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=71049 Revision u/s 263 - validity of notice as issued by the ITO who is below the rank of ld. PCIT - The statute never permitted in section 263 for delegation of power to the authority below for issuance of notice for initiation of proceedings. - The delegation if possible if permitted by the law. DR was unable to place any judgment against the submission of assessee. Accordingly, the notice issued U/s 263 is invalid. - AT Highlights Income Tax Sat, 22 Jul 2023 23:02:53 +0530 https://www.taxtmi.com/highlights?id=71049