https://www.taxtmi.com/caselaws?id=774466 The SC dismissed the application for condonation of delay of 358 days in filing the SLP and consequently dismissed the SLP itself. The HC and Tribunal had upheld that the Principal Commissioner of Income Tax's second revision under section 263 lacked reasons and was not justified. The Tribunal found the assessing officer's second assessment was legally permissible, with no non-application of mind or failure to reappreciate facts. Relief granted to the assessee by the Tribunal was affirmed. en-us Mon, 05 May 2025 00:00:00 +0530 Mon, 04 Aug 2025 16:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=774466 The SC dismissed the application for condonation of delay of 358 days in filing the SLP and consequently dismissed the SLP itself. The HC and Tribunal had upheld that the Principal Commissioner of Income Tax's second revision under section 263 lacked reasons and was not justified. The Tribunal found the assessing officer's second assessment was legally permissible, with no non-application of mind or failure to reappreciate facts. Relief granted to the assessee by the Tribunal was affirmed. Case-Laws Income Tax Mon, 05 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=774466