https://www.taxtmi.com/caselaws?id=784307 The dominant issue was whether the Pr. CIT could revise the assessment under s.263 on the ground that the AO failed to apply amended s.115BBE to the relevant year. The Tribunal held that an amendment effective from 01.04.2017 applies to the financial year commencing that date and, consequently, to AY 2018-19, not AY 2017-18; the survey having occurred in FY 2016-17 did not attract the amended provision. Since s.115BBE as amended was inapplicable to AY 2017-18, the assessment was not erroneous for non-application of the amendment, and the s.263 revision order was quashed, allowing the appeal. en-us Thu, 21 Aug 2025 00:00:00 +0530 Wed, 31 Dec 2025 17:22:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=784307 The dominant issue was whether the Pr. CIT could revise the assessment under s.263 on the ground that the AO failed to apply amended s.115BBE to the relevant year. The Tribunal held that an amendment effective from 01.04.2017 applies to the financial year commencing that date and, consequently, to AY 2018-19, not AY 2017-18; the survey having occurred in FY 2016-17 did not attract the amended provision. Since s.115BBE as amended was inapplicable to AY 2017-18, the assessment was not erroneous for non-application of the amendment, and the s.263 revision order was quashed, allowing the appeal. Case-Laws Income Tax Thu, 21 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=784307