https://www.taxtmi.com/caselaws?id=217335 The Tribunal found that the Assessing Officer's order was not erroneous or prejudicial to the Revenue's interest. It concluded that the Commissioner of Income Tax's invocation of Section 263 was unjustified and quashed the order. The assessee's appeal was allowed, and the Tribunal reversed the CIT's directions, deeming the proposed revision futile. As a result, the assessee's appeal was successful, and the CIT's order was overturned. en-us Fri, 13 Jul 2012 00:00:00 +0530 Fri, 08 Apr 2016 15:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=217335 The Tribunal found that the Assessing Officer's order was not erroneous or prejudicial to the Revenue's interest. It concluded that the Commissioner of Income Tax's invocation of Section 263 was unjustified and quashed the order. The assessee's appeal was allowed, and the Tribunal reversed the CIT's directions, deeming the proposed revision futile. As a result, the assessee's appeal was successful, and the CIT's order was overturned. Case-Laws Income Tax Fri, 13 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=217335