https://www.taxtmi.com/caselaws?id=765415 The ITAT Jaipur held that the PCIT's revision order u/s 263 was barred by limitation. The assessee filed return on 06.09.2017, which was processed with intimation u/s 143(1) issued on 16.10.2018. The PCIT issued notice u/s 263 on 14.02.2023, seeking to revise issues already concluded by the earlier intimation. Since the intimation was issued beyond two years prior to the revision notice, the ITAT ruled the revision was time-barred, relying on Chambal Fertilisers case confirmed by SC. en-us Tue, 28 Jan 2025 00:00:00 +0530 Wed, 29 Jan 2025 12:22:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=765415 The ITAT Jaipur held that the PCIT's revision order u/s 263 was barred by limitation. The assessee filed return on 06.09.2017, which was processed with intimation u/s 143(1) issued on 16.10.2018. The PCIT issued notice u/s 263 on 14.02.2023, seeking to revise issues already concluded by the earlier intimation. Since the intimation was issued beyond two years prior to the revision notice, the ITAT ruled the revision was time-barred, relying on Chambal Fertilisers case confirmed by SC. Case-Laws Income Tax Tue, 28 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=765415