https://www.taxtmi.com/caselaws?id=190564 The Tribunal upheld the CIT's order under Section 263, finding the AO's assessment erroneous and prejudicial to the Revenue's interests. The appeal was dismissed, affirming the taxability of damages received by the assessee, as the AO failed to consider relevant judicial precedents, specifically the case of CIT vs. Vijay Flexible Containers. en-us Mon, 12 Jun 2000 00:00:00 +0530 Sat, 18 Feb 2017 17:26:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=190564 The Tribunal upheld the CIT's order under Section 263, finding the AO's assessment erroneous and prejudicial to the Revenue's interests. The appeal was dismissed, affirming the taxability of damages received by the assessee, as the AO failed to consider relevant judicial precedents, specifically the case of CIT vs. Vijay Flexible Containers. Case-Laws Income Tax Mon, 12 Jun 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=190564