Held that the Principal Commissioner had exceeded jurisdiction under section 263 of the Act by directing the Assessing Officer to make fresh assessment on issues which were not the subject matter of the assessment framed on the basis of limited scrutiny. The order passed by the Principal Commissioner under section 263 of the Act was set aside.(AY.2014-15)
Taj Paul Bhardwaj v. PCIT (2021)88 ITR 352 / 211 TTJ 58 (Chd.) (Trib.)
S. 263 : Commissioner-Revision of orders prejudicial to revenue-Limited scrutiny-Revision directing the Assessing Officer to make fresh assessment on issues not subject matter of limited scrutiny – Revision is bad in law. [S. 142(1) 143(2)]