CIT can exercise Section 263 jurisdiction even to orders approved by JCIT

Kapil Mehta Vs PCIT (ITAT Delhi)

CIT had supervisory jurisdiction to correct an error prejudicial to interest of Revenue even if approved by Joint Commissioner

Conclusion: CIT had power to correct an error, which was prejudicial to the interest of the Revenue in the order of AO, even if it was approved by the Joint Commissioner, who was also falling below the rank of the Pr. Commissioner. Whatever was to be excluded by the law had already been provided under that Section and the only exception were th

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