https://www.taxtmi.com/caselaws?id=341096 The Court upheld the Tribunal's decision in favor of the Assessee, setting aside the Commissioner of Income Tax's order under Section 263 for the assessment year 2008-09. The Court found the CIT's reasoning erroneous and emphasized the need for a proper enquiry by the assessing officer. As the assessing officer's order was deemed not erroneous and did not prejudice the Revenue's interest, the Court ruled in favor of the Assessee on all issues and dismissed the appeal. en-us Tue, 21 Mar 2017 00:00:00 +0530 Sat, 01 Apr 2017 09:31:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=341096 The Court upheld the Tribunal's decision in favor of the Assessee, setting aside the Commissioner of Income Tax's order under Section 263 for the assessment year 2008-09. The Court found the CIT's reasoning erroneous and emphasized the need for a proper enquiry by the assessing officer. As the assessing officer's order was deemed not erroneous and did not prejudice the Revenue's interest, the Court ruled in favor of the Assessee on all issues and dismissed the appeal. Case-Laws Income Tax Tue, 21 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=341096