https://www.taxtmi.com/caselaws?id=170318 The Tribunal upheld the Commissioner's decision to invoke Section 263, finding the assessment order for the year 2007-08 erroneous and prejudicial to Revenue due to discrepancies in verifying sundry creditors, debtors, commission receipts, and trading account losses for agricultural items. The Tribunal partially allowed the appeal, affirming the need for a fresh assessment to address the identified issues. en-us Fri, 24 May 2013 00:00:00 +0530 Fri, 24 Apr 2015 14:44:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=170318 The Tribunal upheld the Commissioner's decision to invoke Section 263, finding the assessment order for the year 2007-08 erroneous and prejudicial to Revenue due to discrepancies in verifying sundry creditors, debtors, commission receipts, and trading account losses for agricultural items. The Tribunal partially allowed the appeal, affirming the need for a fresh assessment to address the identified issues. Case-Laws Income Tax Fri, 24 May 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=170318