https://www.taxtmi.com/caselaws?id=356168 The Tribunal allowed the assessee's appeal, quashing the CIT's order passed under section 263. The Tribunal held that the lack of inquiry by the Assessing Officer did not automatically render the assessment order erroneous and prejudicial to the revenue. The original assessment order allowing prior period expenses was restored, and the assessee's appeal was successful. en-us Wed, 21 Feb 2018 00:00:00 +0530 Mon, 26 Feb 2018 08:30:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=356168 The Tribunal allowed the assessee's appeal, quashing the CIT's order passed under section 263. The Tribunal held that the lack of inquiry by the Assessing Officer did not automatically render the assessment order erroneous and prejudicial to the revenue. The original assessment order allowing prior period expenses was restored, and the assessee's appeal was successful. Case-Laws Income Tax Wed, 21 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=356168