https://www.taxtmi.com/caselaws?id=189132 The Tribunal set aside the revision order passed by the Principal CIT under section 263 of the Income Tax Act, holding that the assessment order was not erroneous or prejudicial to the interests of the revenue. The Tribunal found that the assessing officer had properly examined the issues, and the expenses claimed by the assessee were in line with business objectives to enhance property value. The Tribunal concluded that the Principal CIT's directions for re-examination constituted impermissible fishing inquiries, leading to the allowance of the assessee's appeal. en-us Mon, 21 Mar 2016 00:00:00 +0530 Thu, 29 Dec 2016 10:01:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=189132 The Tribunal set aside the revision order passed by the Principal CIT under section 263 of the Income Tax Act, holding that the assessment order was not erroneous or prejudicial to the interests of the revenue. The Tribunal found that the assessing officer had properly examined the issues, and the expenses claimed by the assessee were in line with business objectives to enhance property value. The Tribunal concluded that the Principal CIT's directions for re-examination constituted impermissible fishing inquiries, leading to the allowance of the assessee's appeal. Case-Laws Income Tax Mon, 21 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=189132