https://www.taxtmi.com/caselaws?id=258984 The Tribunal allowed the appeal of the assessee, restoring the assessment order passed by the Assessing Officer under Section 143(3) of the Income Tax Act. The Tribunal held that the Commissioner of Income-tax could not invoke Section 263 merely because specific issues were not examined when the books of account were already deemed unreliable. The Tribunal found that the Commissioner failed to establish that the Assessing Officer's order was both erroneous and prejudicial to the Revenue's interests. As a result, the Tribunal set aside the Commissioner's order and upheld the Assessing Officer's assessment order. en-us Wed, 08 Apr 2015 00:00:00 +0530 Fri, 24 Apr 2015 18:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=258984 The Tribunal allowed the appeal of the assessee, restoring the assessment order passed by the Assessing Officer under Section 143(3) of the Income Tax Act. The Tribunal held that the Commissioner of Income-tax could not invoke Section 263 merely because specific issues were not examined when the books of account were already deemed unreliable. The Tribunal found that the Commissioner failed to establish that the Assessing Officer's order was both erroneous and prejudicial to the Revenue's interests. As a result, the Tribunal set aside the Commissioner's order and upheld the Assessing Officer's assessment order. Case-Laws Income Tax Wed, 08 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=258984