https://www.taxtmi.com/caselaws?id=271106 The Tribunal found in favor of the assessee, holding that the assessment order was not erroneous or prejudicial to revenue. The appeal was allowed, and the order under section 263 of the Income Tax Act was set aside. The Tribunal emphasized that the Assessing Officer had conducted necessary inquiries and accepted the explanations provided by the assessee, indicating that the order was valid. en-us Thu, 05 Nov 2015 00:00:00 +0530 Wed, 27 Jan 2016 06:31:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=271106 The Tribunal found in favor of the assessee, holding that the assessment order was not erroneous or prejudicial to revenue. The appeal was allowed, and the order under section 263 of the Income Tax Act was set aside. The Tribunal emphasized that the Assessing Officer had conducted necessary inquiries and accepted the explanations provided by the assessee, indicating that the order was valid. Case-Laws Income Tax Thu, 05 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=271106