https://www.taxtmi.com/caselaws?id=252327 The Tribunal quashed the CIT's order under Section 263, finding the assessment orders to be valid and sustainable. The appeals were allowed, emphasizing that differences in perception between the CIT and AO do not warrant revision under Section 263 unless the assessment orders are prejudicial to revenue. en-us Fri, 28 Mar 2014 00:00:00 +0530 Fri, 17 Oct 2014 19:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=252327 The Tribunal quashed the CIT's order under Section 263, finding the assessment orders to be valid and sustainable. The appeals were allowed, emphasizing that differences in perception between the CIT and AO do not warrant revision under Section 263 unless the assessment orders are prejudicial to revenue. Case-Laws Income Tax Fri, 28 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=252327