https://www.taxtmi.com/caselaws?id=309013 The ITAT held that the Principal CIT lacked jurisdiction to revise the Assessment Order under Section 263 as the Assessing Officer's view was possible and not unsustainable in law. Citing precedents, the ITAT found the Principal CIT failed to show the Assessment Order was erroneous and prejudicial to revenue. As the ITAT's finding on lack of jurisdiction was unchallenged, no substantial questions of law arose, resulting in the dismissal of the appeal with no costs awarded. en-us Fri, 02 Aug 2013 00:00:00 +0530 Mon, 07 Aug 2023 14:12:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=309013 The ITAT held that the Principal CIT lacked jurisdiction to revise the Assessment Order under Section 263 as the Assessing Officer's view was possible and not unsustainable in law. Citing precedents, the ITAT found the Principal CIT failed to show the Assessment Order was erroneous and prejudicial to revenue. As the ITAT's finding on lack of jurisdiction was unchallenged, no substantial questions of law arose, resulting in the dismissal of the appeal with no costs awarded. Case-Laws Income Tax Fri, 02 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=309013