https://www.taxtmi.com/caselaws?id=773335 ITAT Jaipur allowed the assessee's appeal against PCIT's revision order u/s 263. The AO had reopened assessment u/s 147 for Rs. 11 lacs income, which was verified and accepted after proper enquiry. PCIT directed fresh assessment for additional Rs. 50 lacs transactions not originally subject to reassessment proceedings. ITAT held PCIT lacked jurisdiction to direct assessment of income beyond the scope of original reassessment notice, as AO had no reason to believe such other income escaped assessment. The revision order was set aside. en-us Tue, 17 Dec 2024 00:00:00 +0530 Sat, 21 Jun 2025 08:28:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=773335 ITAT Jaipur allowed the assessee's appeal against PCIT's revision order u/s 263. The AO had reopened assessment u/s 147 for Rs. 11 lacs income, which was verified and accepted after proper enquiry. PCIT directed fresh assessment for additional Rs. 50 lacs transactions not originally subject to reassessment proceedings. ITAT held PCIT lacked jurisdiction to direct assessment of income beyond the scope of original reassessment notice, as AO had no reason to believe such other income escaped assessment. The revision order was set aside. Case-Laws Income Tax Tue, 17 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=773335