https://www.taxtmi.com/caselaws?id=249878 The High Court upheld the Tribunal's decision to quash the Commissioner's order under Section 263, emphasizing that the Assessing Officer had not blindly accepted the assessee's version but had considered relevant material before making the assessment. The Court found no error of law in the Tribunal's decision and dismissed the appeal, stating that the Assessing Officer's order was not both erroneous and prejudicial to the revenue's interest as required for invoking Section 263. en-us Thu, 10 Jul 2014 00:00:00 +0530 Sun, 27 Jul 2014 10:19:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=249878 The High Court upheld the Tribunal's decision to quash the Commissioner's order under Section 263, emphasizing that the Assessing Officer had not blindly accepted the assessee's version but had considered relevant material before making the assessment. The Court found no error of law in the Tribunal's decision and dismissed the appeal, stating that the Assessing Officer's order was not both erroneous and prejudicial to the revenue's interest as required for invoking Section 263. Case-Laws Income Tax Thu, 10 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=249878