https://www.taxtmi.com/caselaws?id=178207 The Tribunal quashed the Commissioner of Income Tax's order under Section 263, finding that the Assessing Officer's assessment order was neither erroneous nor prejudicial to the interest of Revenue. The Tribunal emphasized that the AO had conducted proper inquiries, verified records, and granted the exemption after due consideration. The appeal was allowed, and the Section 263 order was set aside. en-us Thu, 19 Feb 2015 00:00:00 +0530 Sat, 30 Jan 2016 10:18:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178207 The Tribunal quashed the Commissioner of Income Tax's order under Section 263, finding that the Assessing Officer's assessment order was neither erroneous nor prejudicial to the interest of Revenue. The Tribunal emphasized that the AO had conducted proper inquiries, verified records, and granted the exemption after due consideration. The appeal was allowed, and the Section 263 order was set aside. Case-Laws Income Tax Thu, 19 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178207