https://www.taxtmi.com/caselaws?id=310799 ITAT Mumbai-AT restored matter to Pr. CIT to determine jurisdictional competence under Section 263. The tribunal addressed whether Pr. CIT can exercise revisionary powers over assessment orders passed by AO under Section 143(3) read with Section 144C(13) pursuant to DRP directions. The assessee argued that since DRP comprises three senior revenue functionaries of Commissioner rank, Pr. CIT cannot sit in judgment over their collegium decision. Both parties agreed this jurisdictional issue was fundamental and required determination before proceeding with revision proceedings. en-us Tue, 31 Jul 2018 00:00:00 +0530 Fri, 17 Nov 2023 20:53:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=310799 ITAT Mumbai-AT restored matter to Pr. CIT to determine jurisdictional competence under Section 263. The tribunal addressed whether Pr. CIT can exercise revisionary powers over assessment orders passed by AO under Section 143(3) read with Section 144C(13) pursuant to DRP directions. The assessee argued that since DRP comprises three senior revenue functionaries of Commissioner rank, Pr. CIT cannot sit in judgment over their collegium decision. Both parties agreed this jurisdictional issue was fundamental and required determination before proceeding with revision proceedings. Case-Laws Income Tax Tue, 31 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=310799