https://www.taxtmi.com/caselaws?id=255667 The tribunal held that the Commissioner of Income Tax's decision to set aside the assessment order under Section 263 was based on a change of opinion rather than substantive errors by the Assessing Officer. It was found that the AO had conducted proper inquiries, and the assessee had consistently followed accounting policies. Therefore, the tribunal set aside the CIT's order and reinstated the original assessment order, allowing the appeal of the assessee. en-us Fri, 31 Oct 2014 00:00:00 +0530 Fri, 23 Jan 2015 06:32:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=255667 The tribunal held that the Commissioner of Income Tax's decision to set aside the assessment order under Section 263 was based on a change of opinion rather than substantive errors by the Assessing Officer. It was found that the AO had conducted proper inquiries, and the assessee had consistently followed accounting policies. Therefore, the tribunal set aside the CIT's order and reinstated the original assessment order, allowing the appeal of the assessee. Case-Laws Income Tax Fri, 31 Oct 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=255667