https://www.taxtmi.com/caselaws?id=254090 The Tribunal held that the Assessing Officer's order was not erroneous or prejudicial to the Revenue's interests. The Commissioner of Income Tax's invocation of Section 263 was deemed unjustified as the AO had conducted adequate inquiry and correctly accepted the books of account. The appeal of the assessee was allowed, and the CIT's order was set aside. en-us Fri, 28 Nov 2014 00:00:00 +0530 Fri, 12 Dec 2014 09:14:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=254090 The Tribunal held that the Assessing Officer's order was not erroneous or prejudicial to the Revenue's interests. The Commissioner of Income Tax's invocation of Section 263 was deemed unjustified as the AO had conducted adequate inquiry and correctly accepted the books of account. The appeal of the assessee was allowed, and the CIT's order was set aside. Case-Laws Income Tax Fri, 28 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=254090