https://www.taxtmi.com/caselaws?id=268185 The Tribunal held that the Commissioner of Income Tax (CIT) did not have valid jurisdiction to invoke Section 263 as the original assessment order was not erroneous or prejudicial to revenue. The CIT's order was quashed, and the assessee's appeal was allowed. en-us Wed, 21 Oct 2015 00:00:00 +0530 Sat, 21 Nov 2015 12:45:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=268185 The Tribunal held that the Commissioner of Income Tax (CIT) did not have valid jurisdiction to invoke Section 263 as the original assessment order was not erroneous or prejudicial to revenue. The CIT's order was quashed, and the assessee's appeal was allowed. Case-Laws Income Tax Wed, 21 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=268185