https://www.taxtmi.com/caselaws?id=210084 The Tribunal set aside the CIT's order under section 263, upholding the original assessment for AY 2005-06. The Tribunal found no errors prejudicial to revenue in the assessment, specifically regarding bad debts, government securities, amortization expenses, software expenses, and interest on NPAs. Previous Tribunal decisions and High Court rulings favored the assessee on these issues, leading to the appeal's success and the restoration of the initial assessment. The Tribunal's decision was pronounced on 6th May 2011, resolving the disputed matters. en-us Fri, 06 May 2011 00:00:00 +0530 Fri, 10 Feb 2012 11:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=210084 The Tribunal set aside the CIT's order under section 263, upholding the original assessment for AY 2005-06. The Tribunal found no errors prejudicial to revenue in the assessment, specifically regarding bad debts, government securities, amortization expenses, software expenses, and interest on NPAs. Previous Tribunal decisions and High Court rulings favored the assessee on these issues, leading to the appeal's success and the restoration of the initial assessment. The Tribunal's decision was pronounced on 6th May 2011, resolving the disputed matters. Case-Laws Income Tax Fri, 06 May 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=210084