https://www.taxtmi.com/caselaws?id=777757 SC dismissed the Special Leave Petition for a 305-day delay, holding the delay inordinate and not sufficiently explained. The Tribunal had found that the AO made full inquiry and examined conditions under section 54B as noted by the HC, and therefore the Commissioner's differing belief did not justify invoking revision under section 263. Consequently, the PCIT order under section 263 could not be sustained, and the petition was dismissed on the ground of delay. en-us Mon, 01 Sep 2025 00:00:00 +0530 Thu, 04 Sep 2025 09:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=777757 SC dismissed the Special Leave Petition for a 305-day delay, holding the delay inordinate and not sufficiently explained. The Tribunal had found that the AO made full inquiry and examined conditions under section 54B as noted by the HC, and therefore the Commissioner's differing belief did not justify invoking revision under section 263. Consequently, the PCIT order under section 263 could not be sustained, and the petition was dismissed on the ground of delay. Case-Laws Income Tax Mon, 01 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=777757