https://www.taxtmi.com/caselaws?id=71114 The Appellate Tribunal overturned the Commissioner of Income-tax Bihar-II's order under s. 263 of the Income-tax Act, ruling against adding Rs. 16,000 to the assessee's income for the assessment year 1971-72. The Tribunal found no concrete evidence of revenue prejudice due to discrepancies in the cost of construction, emphasizing the lack of proof for the additional investment. Consequently, the appeal was allowed, and the directive to increase the assessee's income was set aside. en-us Fri, 07 Jan 1977 00:00:00 +0530 Thu, 21 Apr 2011 13:53:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71114 The Appellate Tribunal overturned the Commissioner of Income-tax Bihar-II's order under s. 263 of the Income-tax Act, ruling against adding Rs. 16,000 to the assessee's income for the assessment year 1971-72. The Tribunal found no concrete evidence of revenue prejudice due to discrepancies in the cost of construction, emphasizing the lack of proof for the additional investment. Consequently, the appeal was allowed, and the directive to increase the assessee's income was set aside. Case-Laws Income Tax Fri, 07 Jan 1977 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71114