https://www.taxtmi.com/caselaws?id=769859 SC dismissed the Special Leave Petition challenging the HC's decision upholding the Tribunal's allowance of the assessee's revision claim under section 263 and exemption under section 54F. HC had found the PCIT lacked jurisdiction because both conditions for invoking section 263 - that the assessment order is erroneous and prejudicial to revenue - were not satisfied. No interference was warranted under Article 136; the SLP and pending applications are dismissed. en-us Mon, 27 Jan 2025 00:00:00 +0530 Sat, 20 Sep 2025 11:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=769859 SC dismissed the Special Leave Petition challenging the HC's decision upholding the Tribunal's allowance of the assessee's revision claim under section 263 and exemption under section 54F. HC had found the PCIT lacked jurisdiction because both conditions for invoking section 263 - that the assessment order is erroneous and prejudicial to revenue - were not satisfied. No interference was warranted under Article 136; the SLP and pending applications are dismissed. Case-Laws Income Tax Mon, 27 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=769859