https://www.taxtmi.com/caselaws?id=259986 The Tribunal set aside the Commissioner of Income Tax's order under Section 263, finding that the assessment order was not erroneous or prejudicial to revenue. The appeal was allowed, confirming the correctness of the bad debt claim for the assessment year 2009-10, which was properly written off in compliance with the Income Tax Act. The Tribunal held that the Commissioner lacked jurisdiction under Section 263 as the Assessing Officer had conducted a thorough enquiry. en-us Wed, 15 Apr 2015 00:00:00 +0530 Tue, 18 Aug 2015 11:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=259986 The Tribunal set aside the Commissioner of Income Tax's order under Section 263, finding that the assessment order was not erroneous or prejudicial to revenue. The appeal was allowed, confirming the correctness of the bad debt claim for the assessment year 2009-10, which was properly written off in compliance with the Income Tax Act. The Tribunal held that the Commissioner lacked jurisdiction under Section 263 as the Assessing Officer had conducted a thorough enquiry. Case-Laws Income Tax Wed, 15 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=259986