https://www.taxtmi.com/caselaws?id=176248 HC dismissed the appeal and upheld the Tribunal's quashing of the C.I.T.'s order under s.263 of the IT Act. The court found no record of material emerging from the search or s.153A proceedings showing the s.80HHC relief was erroneous; the A.O., in framing assessment under s.153A read with s.143(3), lawfully gave effect to the earlier assessment. Consequently, the C.I.T. had no jurisdiction under s.263 as the assessment was not shown to be erroneous or prejudicial to revenue. The Tribunal's decision stands. en-us Fri, 29 Oct 2010 00:00:00 +0530 Tue, 28 Oct 2025 12:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=176248 HC dismissed the appeal and upheld the Tribunal's quashing of the C.I.T.'s order under s.263 of the IT Act. The court found no record of material emerging from the search or s.153A proceedings showing the s.80HHC relief was erroneous; the A.O., in framing assessment under s.153A read with s.143(3), lawfully gave effect to the earlier assessment. Consequently, the C.I.T. had no jurisdiction under s.263 as the assessment was not shown to be erroneous or prejudicial to revenue. The Tribunal's decision stands. Case-Laws Income Tax Fri, 29 Oct 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=176248