No Valid 153C Jurisdiction, No Power Under Section 263

Manohar & Filaments Pvt. Ltd. Vs PCIT (ITAT Delhi) Time-Barred 153C Can’t Be Revived Through 263: No Jurisdiction, No Revision: PCIT Order Quashed: Satisfaction Date Rules the Clock: Revenue Loses 263 Battle- Null Assessment Can’t Be ‘Repaired’ by Section 263 In Manohar & Filaments Pvt. Ltd. Vs. PCIT, ITA No.2644/Del/2025, AY 2016-17, order dated 31.12.2025, Delhi ITAT quashed revision u/s 263 holding that PCIT cannot revise a non-est assessment order. Search u/s 132 was conducted in Alankit Group on 18.10.2019. In Assessee’s case, satisfaction note u/s 153C was recorded on 1...