https://www.taxtmi.com/caselaws?id=265030 The Tribunal set aside the revisional order under section 263 of the Income Tax Act, finding that the Assessing Officer's order was not erroneous as one of the possible views had been taken regarding TDS provisions. Since the twin conditions of error and prejudice were not met, the original assessment order was restored, and the assessee's appeal was allowed. The Tribunal emphasized the need for both error and prejudice to exist for revision under section 263, leading to the restoration of the original assessment order in this case. en-us Thu, 18 Sep 2014 00:00:00 +0530 Tue, 06 Oct 2015 05:59:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=265030 The Tribunal set aside the revisional order under section 263 of the Income Tax Act, finding that the Assessing Officer's order was not erroneous as one of the possible views had been taken regarding TDS provisions. Since the twin conditions of error and prejudice were not met, the original assessment order was restored, and the assessee's appeal was allowed. The Tribunal emphasized the need for both error and prejudice to exist for revision under section 263, leading to the restoration of the original assessment order in this case. Case-Laws Income Tax Thu, 18 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=265030