https://www.taxtmi.com/caselaws?id=238996 The Tribunal upheld the CIT's order, finding the assessment order erroneous and prejudicial to the Revenue's interest. The Tribunal agreed that the Assessing Officer failed to conduct proper inquiries and record necessary findings on the nature of earn-out income, eligibility of hardware upgradation charges, depreciation on software, and set-off of unabsorbed business losses. The assessee's appeal was dismissed, and a fresh examination of all relevant facts and issues was directed. en-us Thu, 07 Feb 2013 00:00:00 +0530 Sun, 20 Oct 2013 11:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=238996 The Tribunal upheld the CIT's order, finding the assessment order erroneous and prejudicial to the Revenue's interest. The Tribunal agreed that the Assessing Officer failed to conduct proper inquiries and record necessary findings on the nature of earn-out income, eligibility of hardware upgradation charges, depreciation on software, and set-off of unabsorbed business losses. The assessee's appeal was dismissed, and a fresh examination of all relevant facts and issues was directed. Case-Laws Income Tax Thu, 07 Feb 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=238996