https://www.taxtmi.com/caselaws?id=338776 The Tribunal found that the Commissioner of Income Tax's revision of the Assessment Order for the Respondent-Assessee was unjustified as the rebate under Section 88E was wrongly disallowed. The Tribunal emphasized that the Commissioner's exercise of powers under Section 263 was based on a misunderstanding of facts and that the Assessing Officer had correctly allowed the rebate in previous years. Consequently, the Tribunal set aside the Commissioner's order, reinstating the rebate for the Respondent-Assessee and dismissed the appeal in favor of the Respondent-Assessee. en-us Tue, 31 Jan 2017 00:00:00 +0530 Sat, 11 Feb 2017 11:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=338776 The Tribunal found that the Commissioner of Income Tax's revision of the Assessment Order for the Respondent-Assessee was unjustified as the rebate under Section 88E was wrongly disallowed. The Tribunal emphasized that the Commissioner's exercise of powers under Section 263 was based on a misunderstanding of facts and that the Assessing Officer had correctly allowed the rebate in previous years. Consequently, the Tribunal set aside the Commissioner's order, reinstating the rebate for the Respondent-Assessee and dismissed the appeal in favor of the Respondent-Assessee. Case-Laws Income Tax Tue, 31 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=338776