https://www.taxtmi.com/caselaws?id=266476 The Tribunal dismissed the revenue's appeal challenging the quashing of the order under Section 263 of the Income Tax Act. It held that the CIT's direction for a more careful examination did not amount to a breach of law justifying invoking Section 263. The Tribunal emphasized that an order is erroneous only if it breaches the law and is prejudicial to revenue, citing legal precedent. The appeal was dismissed without costs as the issue raised did not present a substantial legal question warranting further consideration. en-us Mon, 05 Oct 2015 00:00:00 +0530 Wed, 21 Oct 2015 09:45:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=266476 The Tribunal dismissed the revenue's appeal challenging the quashing of the order under Section 263 of the Income Tax Act. It held that the CIT's direction for a more careful examination did not amount to a breach of law justifying invoking Section 263. The Tribunal emphasized that an order is erroneous only if it breaches the law and is prejudicial to revenue, citing legal precedent. The appeal was dismissed without costs as the issue raised did not present a substantial legal question warranting further consideration. Case-Laws Income Tax Mon, 05 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=266476