https://www.taxtmi.com/caselaws?id=280391 The Tribunal allowed the appeal of the assessee against the Principal Commissioner's order u/s.263 of the Income Tax Act, 1961, for the assessment year 2009-10. The Tribunal found that the revision was impermissible as it was solely based on a change of opinion, which did not meet the criteria of being both erroneous and prejudicial to the Revenue. Therefore, the Tribunal quashed the order passed by the Principal Commissioner, ruling in favor of the assessee. en-us Mon, 08 Oct 2018 00:00:00 +0530 Fri, 03 May 2019 08:55:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=280391 The Tribunal allowed the appeal of the assessee against the Principal Commissioner's order u/s.263 of the Income Tax Act, 1961, for the assessment year 2009-10. The Tribunal found that the revision was impermissible as it was solely based on a change of opinion, which did not meet the criteria of being both erroneous and prejudicial to the Revenue. Therefore, the Tribunal quashed the order passed by the Principal Commissioner, ruling in favor of the assessee. Case-Laws Income Tax Mon, 08 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=280391