Sec. 263 of Income Tax Act, 1961—Revision— PCIT issued show cause notice u/s 263 in respect of specified domestic transactions referred to in clause (i) of section 92BA which was omitted with effect from 01.04.2017, and effect of such “omission” of clause (i) of section 92BA means that this provision never existed in the statute book, since clause (i) of section 92BA never existed in the statute book therefore, ld PCIT cannot exercise his jurisdiction under section 263 in respect of specified domestic transactions referred to in clause (i) of section 92BA, therefore, the action of the Assessing Officer cannot be held to be erroneous as well as prejudicial to the interest of the revenue, thus, the usurpation of jurisdiction of exercising revisional jurisdiction by the Principal CIT is ‘’null’’ in the eyes of law and, therefore, the very assumption of jurisdiction to invoke revisional jurisdiction u/s 263 was quashed - SHREE SHAI SMELTERS (I) LTD. V/s ASSTT. CIT - [2020] 27 ITCD Online 059 (ITAT-GAUHATI)