https://www.taxtmi.com/caselaws?id=266240 The Tribunal held that the assessment order was not erroneous and prejudicial to the interests of revenue, concluding that the CIT did not have sufficient grounds to invoke Section 263. The Tribunal found that the AO had conducted proper enquiries, and the addition made by the CIT was not justified as the income was not received by the assessee. The original assessment order was restored, and the appeal by the assessee was allowed. en-us Thu, 01 Oct 2015 00:00:00 +0530 Mon, 19 Oct 2015 07:59:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=266240 The Tribunal held that the assessment order was not erroneous and prejudicial to the interests of revenue, concluding that the CIT did not have sufficient grounds to invoke Section 263. The Tribunal found that the AO had conducted proper enquiries, and the addition made by the CIT was not justified as the income was not received by the assessee. The original assessment order was restored, and the appeal by the assessee was allowed. Case-Laws Income Tax Thu, 01 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=266240