https://www.taxtmi.com/caselaws?id=769743 ITAT Chennai held that PCIT lacks jurisdiction under section 263 to revise AO's order giving effect to Tribunal's earlier directions. The Tribunal ruled that CIT, being lower in hierarchy than ITAT, cannot exercise revisionary powers over orders implementing Tribunal directions by claiming they are erroneous and prejudicial to revenue. AO has limited scope when giving effect to higher forum directions and must follow them in letter and spirit. PCIT cannot extend AO's scope beyond Tribunal's directions. The revisionary jurisdiction invoked was patently wrong and void ab-initio, resulting in quashing of the section 263 order. en-us Mon, 07 Apr 2025 00:00:00 +0530 Thu, 01 May 2025 08:46:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=769743 ITAT Chennai held that PCIT lacks jurisdiction under section 263 to revise AO's order giving effect to Tribunal's earlier directions. The Tribunal ruled that CIT, being lower in hierarchy than ITAT, cannot exercise revisionary powers over orders implementing Tribunal directions by claiming they are erroneous and prejudicial to revenue. AO has limited scope when giving effect to higher forum directions and must follow them in letter and spirit. PCIT cannot extend AO's scope beyond Tribunal's directions. The revisionary jurisdiction invoked was patently wrong and void ab-initio, resulting in quashing of the section 263 order. Case-Laws Income Tax Mon, 07 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=769743