https://www.taxtmi.com/caselaws?id=193159 The Tribunal held that the Assessing Officer's order was not erroneous or prejudicial to the Revenue's interest. It found that the AO had conducted a relevant enquiry, received satisfactory responses, and decided against disallowing interest under section 14A. The Tribunal determined that the Commissioner of Income Tax lacked jurisdiction under section 263 to revise the AO's decision. As a result, the Tribunal set aside the CIT's order and ruled in favor of the assessee. en-us Tue, 05 Jan 2016 00:00:00 +0530 Sat, 15 Jul 2017 15:28:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=193159 The Tribunal held that the Assessing Officer's order was not erroneous or prejudicial to the Revenue's interest. It found that the AO had conducted a relevant enquiry, received satisfactory responses, and decided against disallowing interest under section 14A. The Tribunal determined that the Commissioner of Income Tax lacked jurisdiction under section 263 to revise the AO's decision. As a result, the Tribunal set aside the CIT's order and ruled in favor of the assessee. Case-Laws Income Tax Tue, 05 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=193159