https://www.taxtmi.com/caselaws?id=329673 The Tribunal found that the original assessment order for the assessment year 2009-10, challenged under section 263 of the Income Tax Act, was not erroneous or prejudicial to the revenue's interest. The Assessing Officer had adequately examined the issues of low net profit and TDS compliance, leading to the restoration of the original assessment order and allowing the appeal filed by the assessee. The Tribunal emphasized that the Assessing Officer had diligently investigated the matters raised by the Commissioner of Income Tax, rendering the revision of the assessment order unwarranted. en-us Fri, 10 Jun 2016 00:00:00 +0530 Thu, 07 Jul 2016 12:15:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=329673 The Tribunal found that the original assessment order for the assessment year 2009-10, challenged under section 263 of the Income Tax Act, was not erroneous or prejudicial to the revenue's interest. The Assessing Officer had adequately examined the issues of low net profit and TDS compliance, leading to the restoration of the original assessment order and allowing the appeal filed by the assessee. The Tribunal emphasized that the Assessing Officer had diligently investigated the matters raised by the Commissioner of Income Tax, rendering the revision of the assessment order unwarranted. Case-Laws Income Tax Fri, 10 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=329673