https://www.taxtmi.com/caselaws?id=76888 HC held that the Tribunal correctly found the Assessing Officer's (AO) view to be a possible view, so the condition precedent for invoking jurisdiction under s.263 did not exist. Consequently the Tribunal was justified in setting aside the order passed by the Commissioner under s.263. The question of law was answered in favour of the assessee and against the Revenue, and the appeal was dismissed. en-us Fri, 19 Sep 2008 00:00:00 +0530 Sat, 06 Sep 2025 12:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=76888 HC held that the Tribunal correctly found the Assessing Officer's (AO) view to be a possible view, so the condition precedent for invoking jurisdiction under s.263 did not exist. Consequently the Tribunal was justified in setting aside the order passed by the Commissioner under s.263. The question of law was answered in favour of the assessee and against the Revenue, and the appeal was dismissed. Case-Laws Income Tax Fri, 19 Sep 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=76888