https://www.taxtmi.com/caselaws?id=183147 The Tribunal allowed the assessee's appeals, canceling the CIT's order under section 263 and the subsequent assessment order under section 143(3) read with section 263. The Tribunal held that the original assessment order was neither erroneous nor prejudicial to the interests of revenue, as the AO had duly examined the valuation of closing work-in-progress. en-us Fri, 06 Sep 2013 00:00:00 +0530 Thu, 17 Nov 2016 11:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=183147 The Tribunal allowed the assessee's appeals, canceling the CIT's order under section 263 and the subsequent assessment order under section 143(3) read with section 263. The Tribunal held that the original assessment order was neither erroneous nor prejudicial to the interests of revenue, as the AO had duly examined the valuation of closing work-in-progress. Case-Laws Income Tax Fri, 06 Sep 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=183147