https://www.taxtmi.com/caselaws?id=333567 The Tribunal found that the Commissioner of Income Tax's order under Section 263 was unsustainable as it was not erroneous or prejudicial to the Revenue's interest. The assessment order under Section 143(3) was deemed correct, with adjustments related to grants and depreciation found to be in compliance with the law. Consequently, the Tribunal allowed both appeals of the assessee, ruling in their favor and canceling the revision order under Section 263. en-us Fri, 09 Sep 2016 00:00:00 +0530 Tue, 18 Oct 2016 10:05:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=333567 The Tribunal found that the Commissioner of Income Tax's order under Section 263 was unsustainable as it was not erroneous or prejudicial to the Revenue's interest. The assessment order under Section 143(3) was deemed correct, with adjustments related to grants and depreciation found to be in compliance with the law. Consequently, the Tribunal allowed both appeals of the assessee, ruling in their favor and canceling the revision order under Section 263. Case-Laws Income Tax Fri, 09 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=333567