https://www.taxtmi.com/caselaws?id=470470 Revision on an issue outside the scope of reassessment must be initiated within the limitation period reckoned from the original assessment order, not the reassessment order. Reassessment was confined to verifying alleged fictitious losses from equity and derivative trading, while revision addressed a discrepancy in professional or consultancy fees. Since that fee issue did not form part of reassessment, the revision limitation ran from the original assessment. 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 on an issue outside the scope of reassessment must be initiated within the limitation period reckoned from the original assessment order, not the reassessment order. Reassessment was confined to verifying alleged fictitious losses from equity and derivative trading, while revision addressed a discrepancy in professional or consultancy fees. Since that fee issue did not form part of reassessment, the revision limitation ran from the original assessment. 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