https://www.taxtmi.com/caselaws?id=441171 The Tribunal quashed the order of the Principal Commissioner of Income Tax under Section 263, as it found the conditions for revision were not met. The original assessment order was upheld, and the assessee's appeal was allowed. The Tribunal emphasized that the Principal Commissioner must provide clear reasons for revising assessment orders, especially in limited scrutiny cases. en-us Mon, 31 Jul 2023 00:00:00 +0530 Thu, 03 Aug 2023 07:55:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=441171 The Tribunal quashed the order of the Principal Commissioner of Income Tax under Section 263, as it found the conditions for revision were not met. The original assessment order was upheld, and the assessee's appeal was allowed. The Tribunal emphasized that the Principal Commissioner must provide clear reasons for revising assessment orders, especially in limited scrutiny cases. Case-Laws Income Tax Mon, 31 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=441171