{"id":62624,"date":"2026-07-25T10:09:05","date_gmt":"2026-07-25T04:39:05","guid":{"rendered":"https:\/\/itatonline.org\/digest\/pr-cit-central-1-v-surendra-l-hiranandani-bom-hcwww-itatonline-org\/"},"modified":"2026-07-25T10:09:05","modified_gmt":"2026-07-25T04:39:05","slug":"pr-cit-central-1-v-surendra-l-hiranandani-bom-hcwww-itatonline-org","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pr-cit-central-1-v-surendra-l-hiranandani-bom-hcwww-itatonline-org\/","title":{"rendered":"Pr. CIT (Central)-1 v. Surendra L. Hiranandani (Bom.)(HC)www.itatonline.org"},"content":{"rendered":"<div>\n<p>The Revenue challenged the Tribunal&#8217;s order holding that the Principal Commissioner had no jurisdiction to invoke section 263 to revise assessment orders passed under section 153A in respect of unabated assessment years. The Bombay High Court held that the controversy stood concluded by the decision of the Supreme Court in <strong data-start=\"765\" data-end=\"848\">PCIT (Central)-3 v. Abhisar Buildwell (P.) Ltd. (2023) 149 taxmann.com 399 (SC)<\/strong><b>, <\/b>wherein it was held that in the case of completed\/unabated assessments, the Assessing Officer acquires jurisdiction under section 153A to assess or reassess the total income only where incriminating material relating to the relevant assessment year is found during the course of search. Consequently, where the Assessing Officer has correctly confined the assessment to incriminating material found during the search, the Principal Commissioner cannot invoke section 263 merely because another view is possible. The Tribunal having followed the law laid down by the Supreme Court, no substantial question of law arose for consideration, and the Revenue&#8217;s appeals were dismissed. (<strong>ITXA Nos. 2793 &amp; 2788 of 2018, dt. \u00a016-07-2026 )( AY. 2012-13 &amp; 2008-09 ] <\/strong>\u00a0<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>S. 263: Commissioner &#8211; Revision of orders prejudicial to revenue &#8211; Search assessment \u2013 In respect of unabated assessment years, where no addition is made except on the basis of incriminating material found during search, the Principal Commissioner cannot invoke section 263 to revise the assessment.[ S.153A , 260A ] <\/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_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[21],"tags":[],"class_list":["post-62624","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-gi4","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/62624","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=62624"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/62624\/revisions"}],"predecessor-version":[{"id":62625,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/62624\/revisions\/62625"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=62624"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=62624"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=62624"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}