https://www.taxtmi.com/caselaws?id=180569 The Tribunal found that the assessing authority had considered the issues at length and applied relevant provisions correctly, concluding that the order was not erroneous and could not be revised under section 263 of the Income-tax Act. The Tribunal quashed the CIT's order under section 263, holding that the assessing authority had correctly applied the provisions of the Act. The Tribunal remanded the remaining issues to the CIT(A) for decision in accordance with the law, ultimately allowing the appeals filed by the assessee. en-us Fri, 16 Mar 2012 00:00:00 +0530 Wed, 12 Jul 2017 13:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=180569 The Tribunal found that the assessing authority had considered the issues at length and applied relevant provisions correctly, concluding that the order was not erroneous and could not be revised under section 263 of the Income-tax Act. The Tribunal quashed the CIT's order under section 263, holding that the assessing authority had correctly applied the provisions of the Act. The Tribunal remanded the remaining issues to the CIT(A) for decision in accordance with the law, ultimately allowing the appeals filed by the assessee. Case-Laws Income Tax Fri, 16 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=180569