PCIT's Use of Section 263 Explanation 2 Challenged: Limits on Revisional Authority Over Prior AO Decisions Examined. https://www.taxtmi.com/highlights?id=71710 Revision u/s 263 - case of “no enquiry” - Regarding introduction of Explanation 2 to section 263, as claimed by Ld. PCIT in his order, we only need to submit that the said Explanation does not give unfettered power to the PCIT to assume revisional-jurisdiction to revise every order of the AO to re-examine the issues already examined during assessment-proceeding. - AT en-us Mon, 28 Aug 2023 08:18:21 +0530 Mon, 28 Aug 2023 08:18:21 +0530 TaxTMI RSS Generator PCIT's Use of Section 263 Explanation 2 Challenged: Limits on Revisional Authority Over Prior AO Decisions Examined. https://www.taxtmi.com/highlights?id=71710 Revision u/s 263 - case of “no enquiry” - Regarding introduction of Explanation 2 to section 263, as claimed by Ld. PCIT in his order, we only need to submit that the said Explanation does not give unfettered power to the PCIT to assume revisional-jurisdiction to revise every order of the AO to re-examine the issues already examined during assessment-proceeding. - AT Highlights Income Tax Mon, 28 Aug 2023 08:18:21 +0530 https://www.taxtmi.com/highlights?id=71710