https://www.taxtmi.com/caselaws?id=190850 The Tribunal found that the Commissioner's order invoking section 263 of the Act was neither erroneous nor prejudicial to revenue. The Tribunal emphasized the necessity for both criteria to be met for such intervention, referencing legal precedents. As the assessment order under section 143(3) was deemed correct and not detrimental to revenue, the Tribunal set aside the Commissioner's order and upheld that of the Assessing Officer, allowing the appellant's appeal. en-us Fri, 04 Mar 2016 00:00:00 +0530 Sat, 04 Mar 2017 18:46:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=190850 The Tribunal found that the Commissioner's order invoking section 263 of the Act was neither erroneous nor prejudicial to revenue. The Tribunal emphasized the necessity for both criteria to be met for such intervention, referencing legal precedents. As the assessment order under section 143(3) was deemed correct and not detrimental to revenue, the Tribunal set aside the Commissioner's order and upheld that of the Assessing Officer, allowing the appellant's appeal. Case-Laws Income Tax Fri, 04 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=190850