https://www.taxtmi.com/caselaws?id=62330 The Tribunal held that the Commissioner of Income Tax (CIT) exceeded his powers in setting aside the block assessment order and directing the Assessing Officer to redo the assessment under section 263. The Tribunal found that the Assessing Officer's decision was not erroneous, as it was based on a possible and reasonable view considering the available material. Consequently, the appeal by the assessee was allowed, and the CIT's order under section 263 was canceled. en-us Fri, 23 Nov 2007 00:00:00 +0530 Wed, 19 Jan 2011 13:13:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62330 The Tribunal held that the Commissioner of Income Tax (CIT) exceeded his powers in setting aside the block assessment order and directing the Assessing Officer to redo the assessment under section 263. The Tribunal found that the Assessing Officer's decision was not erroneous, as it was based on a possible and reasonable view considering the available material. Consequently, the appeal by the assessee was allowed, and the CIT's order under section 263 was canceled. Case-Laws Income Tax Fri, 23 Nov 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62330