https://www.taxtmi.com/caselaws?id=187975 The Tribunal set aside the CIT's order invoking Section 263 for assessment years 2003-04 and 2004-05. It held that the AO's decision was one of the possible interpretations at the time of the original assessment, and the retrospective amendment did not make the order erroneous or prejudicial to revenue interests. The appeals of the assessee were allowed. en-us Mon, 28 Feb 2011 00:00:00 +0530 Mon, 14 Nov 2016 17:02:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=187975 The Tribunal set aside the CIT's order invoking Section 263 for assessment years 2003-04 and 2004-05. It held that the AO's decision was one of the possible interpretations at the time of the original assessment, and the retrospective amendment did not make the order erroneous or prejudicial to revenue interests. The appeals of the assessee were allowed. Case-Laws Income Tax Mon, 28 Feb 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=187975