https://www.taxtmi.com/caselaws?id=176278 The tribunal allowed the appeal of the assessee against the revision order of CIT-XVII, Kolkata under Section 263 of the Income Tax Act, 1961. It was found that the CIT failed to demonstrate that the original assessment order was both erroneous and prejudicial to revenue. The tribunal emphasized the necessity of errors in the assessment order being both present and prejudicial for a valid revision under Section 263, ultimately ruling in favor of the assessee. en-us Thu, 01 Sep 2011 00:00:00 +0530 Tue, 26 Sep 2017 10:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=176278 The tribunal allowed the appeal of the assessee against the revision order of CIT-XVII, Kolkata under Section 263 of the Income Tax Act, 1961. It was found that the CIT failed to demonstrate that the original assessment order was both erroneous and prejudicial to revenue. The tribunal emphasized the necessity of errors in the assessment order being both present and prejudicial for a valid revision under Section 263, ultimately ruling in favor of the assessee. Case-Laws Income Tax Thu, 01 Sep 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=176278