https://www.taxtmi.com/caselaws?id=119700 The Tribunal held that the assessment orders were not erroneous. The Commissioner's invocation of section 263 of the Income-tax Act was set aside, and the appeals by the assessees were allowed. The Tribunal found that the AO's decisions on jurisdiction, classification of income from leave and licence agreements, and computation of profit on the sale of built-up area were consistent with judicial precedents and not erroneous. en-us Mon, 08 Jan 2007 00:00:00 +0530 Thu, 12 Jul 2012 15:59:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=119700 The Tribunal held that the assessment orders were not erroneous. The Commissioner's invocation of section 263 of the Income-tax Act was set aside, and the appeals by the assessees were allowed. The Tribunal found that the AO's decisions on jurisdiction, classification of income from leave and licence agreements, and computation of profit on the sale of built-up area were consistent with judicial precedents and not erroneous. Case-Laws Income Tax Mon, 08 Jan 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=119700