https://www.taxtmi.com/caselaws?id=333141 The Tribunal reversed the Principal CIT's order under section 263 of the Income Tax Act, 1961, directing a fresh assessment, finding that the original assessment was not erroneous. The Tribunal also ruled in favor of the assessee regarding the disallowance under section 14A of the Act, depreciation rate on office equipment, and deduction under section 35D, upholding the assessee's arguments and rejecting the CIT's contentions on these matters. en-us Tue, 23 Aug 2016 00:00:00 +0530 Wed, 05 Oct 2016 14:47:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=333141 The Tribunal reversed the Principal CIT's order under section 263 of the Income Tax Act, 1961, directing a fresh assessment, finding that the original assessment was not erroneous. The Tribunal also ruled in favor of the assessee regarding the disallowance under section 14A of the Act, depreciation rate on office equipment, and deduction under section 35D, upholding the assessee's arguments and rejecting the CIT's contentions on these matters. Case-Laws Income Tax Tue, 23 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=333141