INCOME TAX : Unlike the proviso to section 33A of the 1922 Act which has been omitted by section 263 of the Act, Explanation 1(c) in section 263 does not completely exclude the jurisdiction of PCIT to revise AO’s order if the order is pending in an appeal before the CIT(A) or has been made the subject of an appeal to the ITAT.INCOME TAX : Unlike the proviso to section 33A of the 1922 Act which has been omitted by section 263 of the Act, Explanation 1(c) in section 263 does not completely exclude the jurisdiction of PCIT to revise AO’s order if the order is pending in an appeal before the CIT(A) or has been made the subject of an appeal to the ITAT.www.taxmann.com Latest Case LawsRead More
