https://www.taxtmi.com/caselaws?id=352039 The Tribunal upheld the Principal Commissioner of Income Tax's decision to invoke Section 263 of the Income Tax Act, 1961, finding the assessment order erroneous and prejudicial to revenue due to improper verification of training expenses incurred on the director's education. The Assessee's appeal was dismissed, directing the Income Tax Officer to conduct a fresh assessment with proper verification of the expenses. en-us Mon, 04 Dec 2017 00:00:00 +0530 Wed, 06 Dec 2017 08:09:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=352039 The Tribunal upheld the Principal Commissioner of Income Tax's decision to invoke Section 263 of the Income Tax Act, 1961, finding the assessment order erroneous and prejudicial to revenue due to improper verification of training expenses incurred on the director's education. The Assessee's appeal was dismissed, directing the Income Tax Officer to conduct a fresh assessment with proper verification of the expenses. Case-Laws Income Tax Mon, 04 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=352039