https://www.taxtmi.com/caselaws?id=243535 The tribunal allowed the appeal, ruling in favor of the assessee and quashing the revision order passed by CIT-XX, Kolkata under section 263 of the Income-tax Act, 1961. The tribunal found the original assessment by the AO to be accurate, supported by the reconciliation of discrepancies in transactions with Mirc Electronics Ltd. and non-deduction of TDS on commission payments. It concluded that the CIT's revision order lacked merit, as the assessee's submissions were comprehensive and disclosed previously to the authorities, with no errors identified in the decision-making process. en-us Fri, 31 Jan 2014 00:00:00 +0530 Tue, 04 Feb 2014 08:24:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=243535 The tribunal allowed the appeal, ruling in favor of the assessee and quashing the revision order passed by CIT-XX, Kolkata under section 263 of the Income-tax Act, 1961. The tribunal found the original assessment by the AO to be accurate, supported by the reconciliation of discrepancies in transactions with Mirc Electronics Ltd. and non-deduction of TDS on commission payments. It concluded that the CIT's revision order lacked merit, as the assessee's submissions were comprehensive and disclosed previously to the authorities, with no errors identified in the decision-making process. Case-Laws Income Tax Fri, 31 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=243535