https://www.taxtmi.com/caselaws?id=336427 The tribunal held that the assessment order by the Assessing Officer (AO) was not erroneous or prejudicial to revenue. The tribunal found that the AO had thoroughly examined all issues raised by the Commissioner of Income Tax (CIT). Consequently, the tribunal set aside the CIT's order under section 263 and reinstated the original assessment order, ruling in favor of the assessee in the appeal. en-us Fri, 25 Nov 2016 00:00:00 +0530 Wed, 21 Dec 2016 11:53:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=336427 The tribunal held that the assessment order by the Assessing Officer (AO) was not erroneous or prejudicial to revenue. The tribunal found that the AO had thoroughly examined all issues raised by the Commissioner of Income Tax (CIT). Consequently, the tribunal set aside the CIT's order under section 263 and reinstated the original assessment order, ruling in favor of the assessee in the appeal. Case-Laws Income Tax Fri, 25 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=336427