https://www.taxtmi.com/caselaws?id=192803 The Tribunal upheld the Commissioner's decision under section 263, setting aside the assessment order for the assessment year 2007-08 due to discrepancies in labor and freight charges, expenses from a sister concern, and treatment of furnace purchases. The Tribunal found the original assessment erroneous and prejudicial to revenue interests, emphasizing the necessity for thorough examination by the Assessing Officer. The assessee's appeal was dismissed, affirming the Commissioner's decision. en-us Fri, 24 Jan 2014 00:00:00 +0530 Thu, 22 Jun 2017 09:20:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=192803 The Tribunal upheld the Commissioner's decision under section 263, setting aside the assessment order for the assessment year 2007-08 due to discrepancies in labor and freight charges, expenses from a sister concern, and treatment of furnace purchases. The Tribunal found the original assessment erroneous and prejudicial to revenue interests, emphasizing the necessity for thorough examination by the Assessing Officer. The assessee's appeal was dismissed, affirming the Commissioner's decision. Case-Laws Income Tax Fri, 24 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=192803