https://www.taxtmi.com/caselaws?id=11098 The Income-tax Appellate Tribunal (ITAT) was correct in canceling the Commissioner's order under section 263 of the Income-tax Act. The court held that the income for the period from November 16, 1982, to March 31, 1983, should not be taxed in the assessment year 1984-85. The court ruled in favor of the assessees, agreeing that the firm's assessment for that period was valid, and the Assessing Officer's order was not erroneous. The ITAT's decision was upheld, invalidating the Commissioner's interference under section 263. en-us Thu, 05 Feb 2004 00:00:00 +0530 Fri, 31 Jul 2009 08:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=11098 The Income-tax Appellate Tribunal (ITAT) was correct in canceling the Commissioner's order under section 263 of the Income-tax Act. The court held that the income for the period from November 16, 1982, to March 31, 1983, should not be taxed in the assessment year 1984-85. The court ruled in favor of the assessees, agreeing that the firm's assessment for that period was valid, and the Assessing Officer's order was not erroneous. The ITAT's decision was upheld, invalidating the Commissioner's interference under section 263. Case-Laws Income Tax Thu, 05 Feb 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=11098