https://www.taxtmi.com/caselaws?id=63193 The Tribunal found that the Commissioner's action in cancelling the assessment under section 263 was not sustainable. The Tribunal noted that the Commissioner failed to establish that the assessment made by the Income Tax Officer was erroneous and prejudicial to the interest of the Revenue. Additionally, the Commissioner did not provide an opportunity of hearing to the assessee on several crucial points. Consequently, the Tribunal concluded that the Commissioner's order under section 263 was flawed due to the lack of proper examination of records and the absence of a fair hearing, leading to the cancellation of the Commissioner's order and allowing the assessee's appeal. en-us Wed, 07 Sep 1988 00:00:00 +0530 Fri, 28 Jan 2011 13:20:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63193 The Tribunal found that the Commissioner's action in cancelling the assessment under section 263 was not sustainable. The Tribunal noted that the Commissioner failed to establish that the assessment made by the Income Tax Officer was erroneous and prejudicial to the interest of the Revenue. Additionally, the Commissioner did not provide an opportunity of hearing to the assessee on several crucial points. Consequently, the Tribunal concluded that the Commissioner's order under section 263 was flawed due to the lack of proper examination of records and the absence of a fair hearing, leading to the cancellation of the Commissioner's order and allowing the assessee's appeal. Case-Laws Income Tax Wed, 07 Sep 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63193