https://www.taxtmi.com/caselaws?id=178349 The Tribunal allowed the appeal in favor of the assessee, setting aside the CIT's order under section 263 of the Income Tax Act. It was held that the assessment order under section 143(3) was not erroneous or prejudicial to Revenue, emphasizing that mere disagreement with the assessment method does not justify revision. The Tribunal relied on Supreme Court precedent and restored the assessment order passed by the Assessing Officer. en-us Tue, 30 Jul 2013 00:00:00 +0530 Tue, 02 Feb 2016 18:21:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178349 The Tribunal allowed the appeal in favor of the assessee, setting aside the CIT's order under section 263 of the Income Tax Act. It was held that the assessment order under section 143(3) was not erroneous or prejudicial to Revenue, emphasizing that mere disagreement with the assessment method does not justify revision. The Tribunal relied on Supreme Court precedent and restored the assessment order passed by the Assessing Officer. Case-Laws Income Tax Tue, 30 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178349