Tribunal held that the issue of production of coal mines was not an issue in the reopened assessment proceedings. The precise issues for which action under section\u00a0263\u00a0was initiated were for assessing the income of the assessee on account of showing the incorrect production according to the report of a commission of inquiry. Action under section\u00a0263\u00a0was not initiated in respect of the deduction of the assessee under section\u00a080-IA\u00a0or\u00a080-IB\u00a0. Therefore, the issue for which revision under section\u00a0263\u00a0was proposed was not the issue for which the case of the assessee was reopened under section\u00a0147\u00a0. Action under section\u00a0263\u00a0was initiated on issues which had already been decided in the original assessment and not in the reopened assessment. Therefore, the time limit for passing the order under section\u00a0263\u00a0would run from the date of the original order and not that of the subsequently reopened assessment order under section\u00a0147\u00a0. The original assessment order was passed on January 16, 2014, and revision thereof could have been taken up to March 31, 2016. The order under section\u00a0263\u00a0was passed on February 26, 2019, and therefore it was clearly beyond the limitation prescribed under section\u00a0263(2)\u00a0.( AY.2009-10)<\/p>\n
\u00a0<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":" S. 263 : Commissioner – Revision of orders prejudicial to revenue -Limitation -Reassessment \u2013 Issue subject of revision pertaining to original assessment – Original assessment passed on 16-1 2014 \u2013 Revision order on 26- 2 -2019 \u2013 Revision is barred by limitation , revision could have been taken up to 31 -3 -2016 [ S. 80IA ,80IB 143(3), 147 , 148, 263(2) ] <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-13964","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-3De","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/13964","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=13964"}],"version-history":[{"count":2,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/13964\/revisions"}],"predecessor-version":[{"id":15751,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/13964\/revisions\/15751"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=13964"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=13964"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=13964"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}