https://www.taxtmi.com/caselaws?id=195136 The Tribunal quashed the revision order passed by the Principal Commissioner of Income Tax under section 263 of the Income Tax Act, finding that the assessment order by the Assessing Officer was not erroneous or prejudicial to the Revenue's interest. The appeal of the assessee was allowed, with the Tribunal determining that the AO had appropriately examined various claims and issues raised during the assessment proceedings, including those related to preference shares, deduction of referral fees, loss on gold trade settlement, capital loss on shares, depreciation on leasehold premises, and lease rent and improvement expenditure. en-us Fri, 23 Dec 2016 00:00:00 +0530 Tue, 17 Oct 2017 08:21:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=195136 The Tribunal quashed the revision order passed by the Principal Commissioner of Income Tax under section 263 of the Income Tax Act, finding that the assessment order by the Assessing Officer was not erroneous or prejudicial to the Revenue's interest. The appeal of the assessee was allowed, with the Tribunal determining that the AO had appropriately examined various claims and issues raised during the assessment proceedings, including those related to preference shares, deduction of referral fees, loss on gold trade settlement, capital loss on shares, depreciation on leasehold premises, and lease rent and improvement expenditure. Case-Laws Income Tax Fri, 23 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=195136