https://www.taxtmi.com/caselaws?id=247185 The Tribunal upheld the Commissioner of Income Tax's order under Section 263, finding the Assessing Officer's actions erroneous and prejudicial due to non-reference to the Transfer Pricing Officer and incorrect allowance of deduction under Section 10B. The Tribunal emphasized the importance of assessing officers applying due diligence to prevent such errors and upheld the CIT's directive for reassessment. The assessee's appeal was dismissed, and the CIT's order was affirmed. en-us Wed, 11 Dec 2013 00:00:00 +0530 Mon, 05 May 2014 09:12:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=247185 The Tribunal upheld the Commissioner of Income Tax's order under Section 263, finding the Assessing Officer's actions erroneous and prejudicial due to non-reference to the Transfer Pricing Officer and incorrect allowance of deduction under Section 10B. The Tribunal emphasized the importance of assessing officers applying due diligence to prevent such errors and upheld the CIT's directive for reassessment. The assessee's appeal was dismissed, and the CIT's order was affirmed. Case-Laws Income Tax Wed, 11 Dec 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=247185