https://www.taxtmi.com/caselaws?id=360590 The Tribunal ruled in favor of the appellant in a case challenging the invocation of revisional jurisdiction under section 263 by the Ld. Commissioner of Income Tax. The Tribunal found that the Assessing Officer had appropriately assessed the rental income as Business Income, considering all relevant details and justifications provided by the appellant. It concluded that the order was not erroneous or prejudicial to the revenue, setting aside the proceedings under section 263 and allowing the appeal. en-us Thu, 17 May 2018 00:00:00 +0530 Sat, 19 May 2018 13:49:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=360590 The Tribunal ruled in favor of the appellant in a case challenging the invocation of revisional jurisdiction under section 263 by the Ld. Commissioner of Income Tax. The Tribunal found that the Assessing Officer had appropriately assessed the rental income as Business Income, considering all relevant details and justifications provided by the appellant. It concluded that the order was not erroneous or prejudicial to the revenue, setting aside the proceedings under section 263 and allowing the appeal. Case-Laws Income Tax Thu, 17 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=360590