https://www.taxtmi.com/caselaws?id=267193 The Tribunal upheld the CIT's order under section 263, dismissing the appellant's appeal due to errors in the assessment order. The Tribunal found discrepancies in various aspects, including brought forward business loss, unabsorbed depreciation, loss on sale of investments, increase in liability and provisions, and amortization of Government securities. These errors were deemed prejudicial to the Revenue's interest, leading to the decision to uphold the CIT's order. en-us Fri, 28 Aug 2015 00:00:00 +0530 Mon, 02 Nov 2015 07:46:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=267193 The Tribunal upheld the CIT's order under section 263, dismissing the appellant's appeal due to errors in the assessment order. The Tribunal found discrepancies in various aspects, including brought forward business loss, unabsorbed depreciation, loss on sale of investments, increase in liability and provisions, and amortization of Government securities. These errors were deemed prejudicial to the Revenue's interest, leading to the decision to uphold the CIT's order. Case-Laws Income Tax Fri, 28 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=267193