https://www.taxtmi.com/caselaws?id=759711 The ITAT quashed the Principal Commissioner's revision order under section 263 of the Income-tax Act, ruling it impermissible since the disallowance issue under section 14A was pending before the CIT(A). The Tribunal held that the CIT(A) had jurisdiction over the computation of disallowance, making the Principal Commissioner's action legally flawed. The appeal was allowed. en-us Mon, 30 Sep 2024 00:00:00 +0530 Mon, 07 Oct 2024 09:08:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=759711 The ITAT quashed the Principal Commissioner's revision order under section 263 of the Income-tax Act, ruling it impermissible since the disallowance issue under section 14A was pending before the CIT(A). The Tribunal held that the CIT(A) had jurisdiction over the computation of disallowance, making the Principal Commissioner's action legally flawed. The appeal was allowed. Case-Laws Income Tax Mon, 30 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=759711