https://www.taxtmi.com/caselaws?id=762268 ITAT Mumbai allowed the taxpayer's appeal and quashed the revisionary order passed under section 263. The tribunal held that the CIT(E)'s revision proceedings were barred by limitation as they related to issues different from those addressed in the reassessment proceedings under section 147. The CIT(E) attempted to revise matters concerning section 143(1) intimation which fell beyond the prescribed two-year limitation period under section 263. The tribunal found the issues in reassessment and revision proceedings were unrelated and different in character, making the revisionary order jurisdictionally invalid. en-us Wed, 30 Oct 2024 00:00:00 +0530 Wed, 27 Nov 2024 10:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=762268 ITAT Mumbai allowed the taxpayer's appeal and quashed the revisionary order passed under section 263. The tribunal held that the CIT(E)'s revision proceedings were barred by limitation as they related to issues different from those addressed in the reassessment proceedings under section 147. The CIT(E) attempted to revise matters concerning section 143(1) intimation which fell beyond the prescribed two-year limitation period under section 263. The tribunal found the issues in reassessment and revision proceedings were unrelated and different in character, making the revisionary order jurisdictionally invalid. Case-Laws Income Tax Wed, 30 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=762268