https://www.taxtmi.com/caselaws?id=326443 The Tribunal upheld the Commissioner of Income Tax's order under Section 263, finding the original assessment erroneous and prejudicial to Revenue's interests. The Assessee's appeal challenging the order was dismissed, directing a fresh examination of various issues including brokerage expenses, sales and purchases reconciliation, bank balances, loans verification, and transactions with related parties under Section 40A(2)(b). en-us Mon, 11 Apr 2016 00:00:00 +0530 Sat, 18 Jun 2016 10:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=326443 The Tribunal upheld the Commissioner of Income Tax's order under Section 263, finding the original assessment erroneous and prejudicial to Revenue's interests. The Assessee's appeal challenging the order was dismissed, directing a fresh examination of various issues including brokerage expenses, sales and purchases reconciliation, bank balances, loans verification, and transactions with related parties under Section 40A(2)(b). Case-Laws Income Tax Mon, 11 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=326443