https://www.taxtmi.com/caselaws?id=261775 The Tribunal allowed the appeals of the assessee, canceling the orders passed under Section 263 for all the assessment years involved. The Tribunal emphasized that the Commissioner of Income Tax cannot use Section 263 to re-examine issues already scrutinized and decided upon, especially in the absence of incriminating material found during the search. The Tribunal also noted that the Commissioner must independently determine that an order is erroneous and prejudicial to the interests of the Revenue before invoking Section 263. en-us Fri, 17 Jul 2015 00:00:00 +0530 Wed, 22 Jul 2015 06:37:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=261775 The Tribunal allowed the appeals of the assessee, canceling the orders passed under Section 263 for all the assessment years involved. The Tribunal emphasized that the Commissioner of Income Tax cannot use Section 263 to re-examine issues already scrutinized and decided upon, especially in the absence of incriminating material found during the search. The Tribunal also noted that the Commissioner must independently determine that an order is erroneous and prejudicial to the interests of the Revenue before invoking Section 263. Case-Laws Income Tax Fri, 17 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=261775