https://www.taxtmi.com/caselaws?id=466844 Principal Commissioner may exercise revisionary jurisdiction to direct reconsideration of interest disallowance as a distinct issue separate from a pending appeal against principal addition under the Explanation covering matters not decided in first appeal; matter remitted because the revisional order failed to address the assessee's presumptive taxation claim. Omission to adjudicate commission rendered the assessment erroneous and prejudicial, but the adopted 3% rate lacked recorded factual or evidentiary basis; commission issue also remitted for fresh, reasoned adjudication on the record. en-us Mon, 24 Feb 2025 00:00:00 +0530 Sun, 22 Feb 2026 22:48:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=466844 Principal Commissioner may exercise revisionary jurisdiction to direct reconsideration of interest disallowance as a distinct issue separate from a pending appeal against principal addition under the Explanation covering matters not decided in first appeal; matter remitted because the revisional order failed to address the assessee's presumptive taxation claim. Omission to adjudicate commission rendered the assessment erroneous and prejudicial, but the adopted 3% rate lacked recorded factual or evidentiary basis; commission issue also remitted for fresh, reasoned adjudication on the record. Case-Laws Income Tax Mon, 24 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=466844