https://www.taxtmi.com/caselaws?id=64283 The Tribunal held that the Commissioner of Income Tax wrongly exercised jurisdiction under section 263. It was found that the Assessing Officer had conducted proper inquiries and assessments, and the Commissioner's order lacked material evidence to support the claim of erroneous and prejudicial orders. Therefore, the Tribunal set aside the Commissioner's order under section 263 and allowed the appeals of the assessees. en-us Tue, 28 Jul 1998 00:00:00 +0530 Sat, 05 Feb 2011 18:11:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64283 The Tribunal held that the Commissioner of Income Tax wrongly exercised jurisdiction under section 263. It was found that the Assessing Officer had conducted proper inquiries and assessments, and the Commissioner's order lacked material evidence to support the claim of erroneous and prejudicial orders. Therefore, the Tribunal set aside the Commissioner's order under section 263 and allowed the appeals of the assessees. Case-Laws Income Tax Tue, 28 Jul 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64283