https://www.taxtmi.com/caselaws?id=470470 Revision under section 263 on an issue outside the scope of reassessment must be initiated within the limitation period computed from the original assessment order, not the reassessment order. Where reassessment was confined to verifying alleged fictitious losses from equity or derivative trading, a revision concerning discrepancy in professional or consultancy fees concerned a separate issue. The notes state that the revision was initiated beyond the prescribed period and was therefore time-barred and without jurisdiction. en-us Fri, 21 Mar 2025 00:00:00 +0530 Tue, 28 Jul 2026 19:00:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470470 Revision under section 263 on an issue outside the scope of reassessment must be initiated within the limitation period computed from the original assessment order, not the reassessment order. Where reassessment was confined to verifying alleged fictitious losses from equity or derivative trading, a revision concerning discrepancy in professional or consultancy fees concerned a separate issue. The notes state that the revision was initiated beyond the prescribed period and was therefore time-barred and without jurisdiction. Case-Laws Income Tax Fri, 21 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470470