https://www.taxtmi.com/caselaws?id=442405 The Tribunal condoned the delay in filing the appeal, citing "sufficient cause" under Section 253(5) of the Income Tax Act. The delay was deemed excusable as not intentional, allowing the appeal for adjudication. Regarding the revisionary jurisdiction under Section 263, the Tribunal held that the Principal Commissioner of Income Tax exceeded the limitation period by revising the reassessment order instead of the original assessment order. Relying on legal precedents, the Tribunal set aside the revisionary order, ruling in favor of the assessee. en-us Tue, 11 Jul 2023 00:00:00 +0530 Thu, 31 Aug 2023 19:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=442405 The Tribunal condoned the delay in filing the appeal, citing "sufficient cause" under Section 253(5) of the Income Tax Act. The delay was deemed excusable as not intentional, allowing the appeal for adjudication. Regarding the revisionary jurisdiction under Section 263, the Tribunal held that the Principal Commissioner of Income Tax exceeded the limitation period by revising the reassessment order instead of the original assessment order. Relying on legal precedents, the Tribunal set aside the revisionary order, ruling in favor of the assessee. Case-Laws Income Tax Tue, 11 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=442405