https://www.taxtmi.com/caselaws?id=267491 The Tribunal held that the Commissioner of Income Tax (CIT) was not justified in invoking Section 263 as the assessment order was not erroneous or prejudicial to the Revenue's interests. The Assessee's appeal was allowed, and the CIT's order was set aside. The Tribunal also found in favor of the Assessee on various issues including disallowance under Section 14A, amortization value of leasehold land, depreciation rate on office equipment, and deduction under Section 35D. en-us Thu, 29 Oct 2015 00:00:00 +0530 Sat, 07 Nov 2015 10:10:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=267491 The Tribunal held that the Commissioner of Income Tax (CIT) was not justified in invoking Section 263 as the assessment order was not erroneous or prejudicial to the Revenue's interests. The Assessee's appeal was allowed, and the CIT's order was set aside. The Tribunal also found in favor of the Assessee on various issues including disallowance under Section 14A, amortization value of leasehold land, depreciation rate on office equipment, and deduction under Section 35D. Case-Laws Income Tax Thu, 29 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=267491