https://www.taxtmi.com/caselaws?id=772770 The AT reviewed a case involving revisionary jurisdiction under Section 263 of the Income-tax Act. The SC held that the PCIT's order was invalid due to lack of concrete evidence demonstrating assessment errors, absence of proper inquiry, and failure to provide adequate hearing notice. The Tribunal quashed the revisionary order, emphasizing that Section 263 cannot be invoked merely on suspicion or disagreement with the AO's reasoned view. en-us Wed, 23 Apr 2025 00:00:00 +0530 Fri, 13 Jun 2025 08:41:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=772770 The AT reviewed a case involving revisionary jurisdiction under Section 263 of the Income-tax Act. The SC held that the PCIT's order was invalid due to lack of concrete evidence demonstrating assessment errors, absence of proper inquiry, and failure to provide adequate hearing notice. The Tribunal quashed the revisionary order, emphasizing that Section 263 cannot be invoked merely on suspicion or disagreement with the AO's reasoned view. Case-Laws Income Tax Wed, 23 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=772770