https://www.taxtmi.com/caselaws?id=444481 The HC set aside the order of the PCIT, which had rejected the petitioner's application under Section 264 of the Income Tax Act, 1961. The court found that the PCIT failed to utilize his revisionary powers to correct an intimation under Section 143(1), which was necessary to ensure the accurate assessment of the petitioner's real income. The court directed the PCIT to re-examine the application and make a fresh decision, thereby disposing of the writ petition. en-us Mon, 25 Sep 2023 00:00:00 +0530 Tue, 17 Oct 2023 08:38:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=444481 The HC set aside the order of the PCIT, which had rejected the petitioner's application under Section 264 of the Income Tax Act, 1961. The court found that the PCIT failed to utilize his revisionary powers to correct an intimation under Section 143(1), which was necessary to ensure the accurate assessment of the petitioner's real income. The court directed the PCIT to re-examine the application and make a fresh decision, thereby disposing of the writ petition. Case-Laws Income Tax Mon, 25 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=444481