https://www.taxtmi.com/caselaws?id=179528 The Tribunal allowed all appeals by the assessees, holding that the Assessing Officer (AO) was justified in waiving interest under Rule 40 and Rule 117A. The Tribunal found that the Commissioner erred in assuming jurisdiction under Section 263 and quashed the Commissioner's orders, determining that the AO's decisions were not erroneous or prejudicial to the Revenue's interest. en-us Fri, 28 May 1999 00:00:00 +0530 Thu, 03 Mar 2016 17:18:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=179528 The Tribunal allowed all appeals by the assessees, holding that the Assessing Officer (AO) was justified in waiving interest under Rule 40 and Rule 117A. The Tribunal found that the Commissioner erred in assuming jurisdiction under Section 263 and quashed the Commissioner's orders, determining that the AO's decisions were not erroneous or prejudicial to the Revenue's interest. Case-Laws Income Tax Fri, 28 May 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179528