https://www.taxtmi.com/caselaws?id=253032 The Tribunal set aside the CIT's orders under section 263 for all the impugned assessment years, restoring the AO's original assessments. The appeals of the assessee were allowed, and the Tribunal held that the orders were neither erroneous nor prejudicial to the interests of the Revenue. The Tribunal emphasized that the rule of consistency and judicial precedents supported the assessee's classification of income and depreciation claims. en-us Fri, 07 Nov 2014 00:00:00 +0530 Mon, 16 Feb 2015 13:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=253032 The Tribunal set aside the CIT's orders under section 263 for all the impugned assessment years, restoring the AO's original assessments. The appeals of the assessee were allowed, and the Tribunal held that the orders were neither erroneous nor prejudicial to the interests of the Revenue. The Tribunal emphasized that the rule of consistency and judicial precedents supported the assessee's classification of income and depreciation claims. Case-Laws Income Tax Fri, 07 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=253032