https://www.taxtmi.com/caselaws?id=467623 Where the CIT(A) had already deleted the addition relating to alleged bogus long-term capital gain, the assessment order merged with the appellate order and the same issue could not be revised again under Section 263. The requisite conditions for revision, namely that the assessment order be both erroneous and prejudicial to the interests of revenue, were not satisfied once the appellate authority had adjudicated the matter and granted relief. The PCIT could not reopen the issue merely because a different view was preferred. The revision was therefore without jurisdiction and was quashed in favour of the assessee. en-us Tue, 18 Feb 2025 00:00:00 +0530 Thu, 26 Mar 2026 19:09:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467623 Where the CIT(A) had already deleted the addition relating to alleged bogus long-term capital gain, the assessment order merged with the appellate order and the same issue could not be revised again under Section 263. The requisite conditions for revision, namely that the assessment order be both erroneous and prejudicial to the interests of revenue, were not satisfied once the appellate authority had adjudicated the matter and granted relief. The PCIT could not reopen the issue merely because a different view was preferred. The revision was therefore without jurisdiction and was quashed in favour of the assessee. Case-Laws Income Tax Tue, 18 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467623