https://www.taxtmi.com/caselaws?id=330222 The tribunal quashed the order passed under Section 263 of the Income Tax Act, holding that the Assessing Officer's order was neither erroneous nor prejudicial to the interests of the revenue. The tribunal found that the conditions for invoking revisionary jurisdiction were not met, and the Commissioner of Income Tax's direction for further inquiry was deemed unjustified. As a result, the appeal of the assessee was allowed, and the tribunal's decision was pronounced in open court on 08.07.2016. en-us Fri, 08 Jul 2016 00:00:00 +0530 Wed, 20 Jul 2016 13:29:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=330222 The tribunal quashed the order passed under Section 263 of the Income Tax Act, holding that the Assessing Officer's order was neither erroneous nor prejudicial to the interests of the revenue. The tribunal found that the conditions for invoking revisionary jurisdiction were not met, and the Commissioner of Income Tax's direction for further inquiry was deemed unjustified. As a result, the appeal of the assessee was allowed, and the tribunal's decision was pronounced in open court on 08.07.2016. Case-Laws Income Tax Fri, 08 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=330222