https://www.taxtmi.com/caselaws?id=243572 The Tribunal held that the Commissioner of Income Tax was not justified in setting aside the assessment order under Section 263 of the IT Act. The Tribunal found that the Assessing Officer had properly considered the set-off of brought forward losses against income and that the CIT's intervention was unwarranted. Therefore, the Tribunal allowed the appeal of the assessee, setting aside the CIT's order and restoring the assessment order passed by the AO. en-us Fri, 31 Jan 2014 00:00:00 +0530 Wed, 05 Feb 2014 06:35:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=243572 The Tribunal held that the Commissioner of Income Tax was not justified in setting aside the assessment order under Section 263 of the IT Act. The Tribunal found that the Assessing Officer had properly considered the set-off of brought forward losses against income and that the CIT's intervention was unwarranted. Therefore, the Tribunal allowed the appeal of the assessee, setting aside the CIT's order and restoring the assessment order passed by the AO. Case-Laws Income Tax Fri, 31 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=243572