https://www.taxtmi.com/caselaws?id=262027 The Tribunal upheld the revision of the assessment order under section 263 of the Income Tax Act due to the Assessing Officer's failure to examine the nature of services rendered by foreign agents for commission payments. The Tribunal found the assessment erroneous and prejudicial to revenue, leading to the dismissal of the appeal by the assessee. The decision emphasized the importance of proper examination of facts and application of appropriate law in assessment proceedings. en-us Wed, 22 Jul 2015 00:00:00 +0530 Thu, 30 Jul 2015 08:54:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=262027 The Tribunal upheld the revision of the assessment order under section 263 of the Income Tax Act due to the Assessing Officer's failure to examine the nature of services rendered by foreign agents for commission payments. The Tribunal found the assessment erroneous and prejudicial to revenue, leading to the dismissal of the appeal by the assessee. The decision emphasized the importance of proper examination of facts and application of appropriate law in assessment proceedings. Case-Laws Income Tax Wed, 22 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=262027