https://www.taxtmi.com/caselaws?id=349565 The Tribunal set aside the order passed by the Commissioner of Income Tax (CIT) under Section 263, as it found that the CIT did not adequately justify why the assessment order was erroneous and prejudicial to the revenue's interest. The Tribunal highlighted that the CIT failed to properly consider the explanations and supporting documents provided by the assessee. Consequently, the appeal of the assessee was allowed, and the CIT's order was overturned. en-us Mon, 11 Sep 2017 00:00:00 +0530 Tue, 17 Oct 2017 08:52:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=349565 The Tribunal set aside the order passed by the Commissioner of Income Tax (CIT) under Section 263, as it found that the CIT did not adequately justify why the assessment order was erroneous and prejudicial to the revenue's interest. The Tribunal highlighted that the CIT failed to properly consider the explanations and supporting documents provided by the assessee. Consequently, the appeal of the assessee was allowed, and the CIT's order was overturned. Case-Laws Income Tax Mon, 11 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=349565