https://www.taxtmi.com/caselaws?id=178840 The Tribunal set aside the CIT's order under Section 263, restoring the original assessment order. The Tribunal found that the AO had conducted a thorough verification of the issues raised, including raw material purchases, donation expenses, and fixed assets depreciation claims. It was concluded that the assessment order was neither erroneous nor prejudicial to the interest of the Revenue. Consequently, the appeal filed by the assessee was allowed. en-us Tue, 31 Aug 2010 00:00:00 +0530 Mon, 21 Aug 2023 17:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178840 The Tribunal set aside the CIT's order under Section 263, restoring the original assessment order. The Tribunal found that the AO had conducted a thorough verification of the issues raised, including raw material purchases, donation expenses, and fixed assets depreciation claims. It was concluded that the assessment order was neither erroneous nor prejudicial to the interest of the Revenue. Consequently, the appeal filed by the assessee was allowed. Case-Laws Income Tax Tue, 31 Aug 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178840