https://www.taxtmi.com/caselaws?id=259991 The Tribunal set aside the order passed by the Commissioner of Income-tax (CIT) under section 263 and restored the assessment order dated 30.10.2012. The Tribunal held that the CIT's observations were based on a mere change of opinion and were not supported by any definite conclusion or material evidence. It emphasized that the CIT cannot revise an assessment order merely because he has a different opinion on the matter. en-us Wed, 06 May 2015 00:00:00 +0530 Tue, 26 May 2015 12:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=259991 The Tribunal set aside the order passed by the Commissioner of Income-tax (CIT) under section 263 and restored the assessment order dated 30.10.2012. The Tribunal held that the CIT's observations were based on a mere change of opinion and were not supported by any definite conclusion or material evidence. It emphasized that the CIT cannot revise an assessment order merely because he has a different opinion on the matter. Case-Laws Income Tax Wed, 06 May 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=259991