https://www.taxtmi.com/caselaws?id=266744 The Tribunal upheld the Commissioner of Income-tax's invocation of section 263, setting aside the Assessing Officer's order for AY 2001-02 as erroneous and prejudicial to revenue due to non-compliance with Tribunal's directions on exemption under section 11. The Tribunal ruled that the AO's order was not time-barred under section 153(3)(ii), dismissing appeals and directing a fresh assessment in line with Tribunal's directives and statutory provisions. en-us Wed, 23 Sep 2015 00:00:00 +0530 Fri, 23 Oct 2015 11:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=266744 The Tribunal upheld the Commissioner of Income-tax's invocation of section 263, setting aside the Assessing Officer's order for AY 2001-02 as erroneous and prejudicial to revenue due to non-compliance with Tribunal's directions on exemption under section 11. The Tribunal ruled that the AO's order was not time-barred under section 153(3)(ii), dismissing appeals and directing a fresh assessment in line with Tribunal's directives and statutory provisions. Case-Laws Income Tax Wed, 23 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=266744