https://www.taxtmi.com/caselaws?id=221866 The Tribunal allowed the appeal of the assessee, finding that the order passed under section 263 of the Income Tax Act was not erroneous in various aspects including the treatment of interest liabilities, accrued interest, and exchange rate differences. The Tribunal held that the Commissioner of Income Tax's intervention constituted a change of opinion, impermissible under legal precedents, and accepted the assessee's claims regarding the retention amount. en-us Fri, 15 Feb 2013 00:00:00 +0530 Fri, 22 Mar 2013 14:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=221866 The Tribunal allowed the appeal of the assessee, finding that the order passed under section 263 of the Income Tax Act was not erroneous in various aspects including the treatment of interest liabilities, accrued interest, and exchange rate differences. The Tribunal held that the Commissioner of Income Tax's intervention constituted a change of opinion, impermissible under legal precedents, and accepted the assessee's claims regarding the retention amount. Case-Laws Income Tax Fri, 15 Feb 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=221866