https://www.taxtmi.com/caselaws?id=186248 The Tribunal upheld the Commissioner of Income Tax's decision to invoke jurisdiction under section 263 of the Income-tax Act, 1961, due to errors in the original assessment, classifying substantial renovation expenditure as capital expenditure and disallowing prior period expenses for the assessment year 2005-06. The Tribunal found the Assessing Officer's order to be erroneous and prejudicial to revenue interests, supporting the Commissioner's actions. en-us Tue, 27 Nov 2012 00:00:00 +0530 Mon, 12 Sep 2016 16:16:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=186248 The Tribunal upheld the Commissioner of Income Tax's decision to invoke jurisdiction under section 263 of the Income-tax Act, 1961, due to errors in the original assessment, classifying substantial renovation expenditure as capital expenditure and disallowing prior period expenses for the assessment year 2005-06. The Tribunal found the Assessing Officer's order to be erroneous and prejudicial to revenue interests, supporting the Commissioner's actions. Case-Laws Income Tax Tue, 27 Nov 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=186248