https://www.taxtmi.com/caselaws?id=360694 The Tribunal ruled in favor of the assessee, a Co-Operative bank, in an appeal against the Commissioner's order under section 263 of the Income Tax Act, 1961. The Tribunal held that the assessment order was not erroneous or prejudicial to the revenue, thereby quashing the Commissioner's order as time-barred. The judgment emphasized the significance of complying with procedural timelines and the Commissioner's jurisdictional boundaries in revising assessment orders under the Income Tax Act, 1961. en-us Fri, 18 May 2018 00:00:00 +0530 Mon, 21 May 2018 12:28:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=360694 The Tribunal ruled in favor of the assessee, a Co-Operative bank, in an appeal against the Commissioner's order under section 263 of the Income Tax Act, 1961. The Tribunal held that the assessment order was not erroneous or prejudicial to the revenue, thereby quashing the Commissioner's order as time-barred. The judgment emphasized the significance of complying with procedural timelines and the Commissioner's jurisdictional boundaries in revising assessment orders under the Income Tax Act, 1961. Case-Laws Income Tax Fri, 18 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=360694