https://www.taxtmi.com/caselaws?id=768685 ITAT Hyderabad quashed the PCIT's revision order under section 263, holding that the AO's assumption of jurisdiction under section 153C was invalid due to lack of proper satisfaction recording. The tribunal found that without valid satisfaction regarding incriminating material for each assessment year, the assessment proceedings were void ab initio. Consequently, the PCIT could not exercise revisionary powers under section 263 to legalize an already illegal assessment order. The appeal was decided in favor of the assessee. en-us Wed, 09 Apr 2025 00:00:00 +0530 Fri, 11 Apr 2025 08:40:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=768685 ITAT Hyderabad quashed the PCIT's revision order under section 263, holding that the AO's assumption of jurisdiction under section 153C was invalid due to lack of proper satisfaction recording. The tribunal found that without valid satisfaction regarding incriminating material for each assessment year, the assessment proceedings were void ab initio. Consequently, the PCIT could not exercise revisionary powers under section 263 to legalize an already illegal assessment order. The appeal was decided in favor of the assessee. Case-Laws Income Tax Wed, 09 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=768685