https://www.taxtmi.com/caselaws?id=376791 The High Court dismissed the appeal challenging the Tribunal's decision to quash the revisional order under Section 263 of the Income Tax Act, as it found no error in the assessment order prejudicial to revenue. Additionally, the Court upheld the Tribunal's decision allowing deduction on securitization income, emphasizing no prejudice to revenue and no error in income computation, distinguishing it from a previous Supreme Court judgment. The Revenue's appeal was dismissed, affirming the Tribunal's decision on both issues. en-us Tue, 05 Feb 2019 00:00:00 +0530 Fri, 15 Mar 2019 12:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=376791 The High Court dismissed the appeal challenging the Tribunal's decision to quash the revisional order under Section 263 of the Income Tax Act, as it found no error in the assessment order prejudicial to revenue. Additionally, the Court upheld the Tribunal's decision allowing deduction on securitization income, emphasizing no prejudice to revenue and no error in income computation, distinguishing it from a previous Supreme Court judgment. The Revenue's appeal was dismissed, affirming the Tribunal's decision on both issues. Case-Laws Income Tax Tue, 05 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=376791