https://www.taxtmi.com/caselaws?id=456851 Revisionary jurisdiction under section 263 vests exclusively in the Principal Commissioner or Commissioner and must be exercised on that authority's independent examination of the assessment record. Where the proceeding was initiated on a proposal from the Additional Commissioner rather than suo motu satisfaction by the Principal Commissioner, the assumption of jurisdiction lacked statutory sanction and constituted a jurisdictional defect. The revision order was therefore set aside. en-us Fri, 21 Oct 2022 00:00:00 +0530 Wed, 21 Aug 2024 08:59:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=456851 Revisionary jurisdiction under section 263 vests exclusively in the Principal Commissioner or Commissioner and must be exercised on that authority's independent examination of the assessment record. Where the proceeding was initiated on a proposal from the Additional Commissioner rather than suo motu satisfaction by the Principal Commissioner, the assumption of jurisdiction lacked statutory sanction and constituted a jurisdictional defect. The revision order was therefore set aside. Case-Laws Income Tax Fri, 21 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=456851