https://www.taxtmi.com/caselaws?id=185269 The Tribunal held that the assessment order for A.Y. 2010-2011 was not erroneous or prejudicial to revenue. It set aside the Commissioner's order under section 263 and reinstated the AO's order under section 143(3) of the Act, citing the Gujarat High Court decision in Nirma Chemicals Works P. Ltd. case. The appeal by the assessee was allowed, with the Tribunal emphasizing that a mere difference in opinion between the AO and Commissioner does not render the order erroneous unless the AO's view is legally unsustainable. en-us Fri, 19 Feb 2016 00:00:00 +0530 Fri, 05 Aug 2016 16:36:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=185269 The Tribunal held that the assessment order for A.Y. 2010-2011 was not erroneous or prejudicial to revenue. It set aside the Commissioner's order under section 263 and reinstated the AO's order under section 143(3) of the Act, citing the Gujarat High Court decision in Nirma Chemicals Works P. Ltd. case. The appeal by the assessee was allowed, with the Tribunal emphasizing that a mere difference in opinion between the AO and Commissioner does not render the order erroneous unless the AO's view is legally unsustainable. Case-Laws Income Tax Fri, 19 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=185269