https://www.taxtmi.com/caselaws?id=278161 The High Court upheld the tribunal's decision, ruling in favor of the assessee and dismissing the Department's appeal. The court emphasized that the CIT cannot revise an assessment merely due to a disagreement with the assessing officer, especially if the officer's decision is based on valid materials and within the scope of the law. The judgment underscores the importance of adhering to legal provisions and the limitations on the CIT's revisionary powers under section 263 of the Income Tax Act. en-us Wed, 11 Jan 2017 00:00:00 +0530 Tue, 15 Jan 2019 11:20:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=278161 The High Court upheld the tribunal's decision, ruling in favor of the assessee and dismissing the Department's appeal. The court emphasized that the CIT cannot revise an assessment merely due to a disagreement with the assessing officer, especially if the officer's decision is based on valid materials and within the scope of the law. The judgment underscores the importance of adhering to legal provisions and the limitations on the CIT's revisionary powers under section 263 of the Income Tax Act. Case-Laws Income Tax Wed, 11 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=278161