https://www.taxtmi.com/caselaws?id=246840 The ITAT allowed the assessee's appeal, setting aside the CIT's order under section 263. The ITAT held that the CIT erred in revising the AO's order, which complied with the TPO's determination. The ITAT emphasized that the CIT lacked jurisdiction over the TPO administratively and that the AO's order was not erroneous or prejudicial to the Revenue's interests. The decision highlighted the importance of clarity regarding the authority to modify the TPO's order when necessary. en-us Wed, 31 Oct 2012 00:00:00 +0530 Thu, 24 Apr 2014 08:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=246840 The ITAT allowed the assessee's appeal, setting aside the CIT's order under section 263. The ITAT held that the CIT erred in revising the AO's order, which complied with the TPO's determination. The ITAT emphasized that the CIT lacked jurisdiction over the TPO administratively and that the AO's order was not erroneous or prejudicial to the Revenue's interests. The decision highlighted the importance of clarity regarding the authority to modify the TPO's order when necessary. Case-Laws Income Tax Wed, 31 Oct 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=246840