https://www.taxtmi.com/caselaws?id=212499 The Tribunal upheld the Commissioner of Income Tax's decision to invoke Section 263 of the Act, directing the Assessing Officer to re-examine the classification of the surplus from the sale of shares and the disallowance of professional charges and bank charges. The appeal filed by the assessee was dismissed, emphasizing the need for a thorough investigation and proper application of the law to prevent prejudicial errors in the assessment process. en-us Mon, 31 Oct 2011 00:00:00 +0530 Thu, 22 Nov 2012 13:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=212499 The Tribunal upheld the Commissioner of Income Tax's decision to invoke Section 263 of the Act, directing the Assessing Officer to re-examine the classification of the surplus from the sale of shares and the disallowance of professional charges and bank charges. The appeal filed by the assessee was dismissed, emphasizing the need for a thorough investigation and proper application of the law to prevent prejudicial errors in the assessment process. Case-Laws Income Tax Mon, 31 Oct 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=212499