https://www.taxtmi.com/caselaws?id=780354 ITAT, Mumbai held the PCIT's revision under s.263 unsustainable and quashed the revisionary orders. Relying on the SC precedent, the Tribunal found no incriminating material from the search formed part of the s.153A assessments and the issue of entitlement to relief under s.80IC lay beyond the scope of those assessments. Examination of s.80IC by the AO was therefore beyond jurisdiction, rendering the orders not "erroneous" under s.263. The s.263 exercise was held invalid for lack of mandate and set aside. en-us Mon, 27 Oct 2025 00:00:00 +0530 Wed, 29 Oct 2025 08:16:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=780354 ITAT, Mumbai held the PCIT's revision under s.263 unsustainable and quashed the revisionary orders. Relying on the SC precedent, the Tribunal found no incriminating material from the search formed part of the s.153A assessments and the issue of entitlement to relief under s.80IC lay beyond the scope of those assessments. Examination of s.80IC by the AO was therefore beyond jurisdiction, rendering the orders not "erroneous" under s.263. The s.263 exercise was held invalid for lack of mandate and set aside. Case-Laws Income Tax Mon, 27 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=780354