https://www.taxtmi.com/caselaws?id=332194 The Tribunal quashed the order passed by the CIT under section 263 of the Act, restoring the original assessment order passed by the AO under section 143(3) of the Act. The Tribunal held that the AO had conducted a detailed enquiry and examined the relevant issues, concluding that the assessment order was not erroneous or prejudicial to the interest of the revenue. Consequently, the appeal filed by the revenue challenging the consequential order passed by the AO under section 143(3) read with section 263 of the Act was dismissed as not maintainable. en-us Fri, 29 Jul 2016 00:00:00 +0530 Mon, 12 Sep 2016 16:38:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=332194 The Tribunal quashed the order passed by the CIT under section 263 of the Act, restoring the original assessment order passed by the AO under section 143(3) of the Act. The Tribunal held that the AO had conducted a detailed enquiry and examined the relevant issues, concluding that the assessment order was not erroneous or prejudicial to the interest of the revenue. Consequently, the appeal filed by the revenue challenging the consequential order passed by the AO under section 143(3) read with section 263 of the Act was dismissed as not maintainable. Case-Laws Income Tax Fri, 29 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=332194