https://www.taxtmi.com/caselaws?id=379697 The Tribunal quashed the Commissioner of Income Tax's order under Section 263, ruling that the Assessing Officer's original assessment was not erroneous or prejudicial to revenue. The appeal by the assessee was allowed, and the related appeal was dismissed as infructuous. The Tribunal held that the CIT's order was based on a change of opinion and did not accurately reflect the property's condition as of 01.04.1981. en-us Fri, 03 May 2019 00:00:00 +0530 Mon, 06 May 2019 11:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=379697 The Tribunal quashed the Commissioner of Income Tax's order under Section 263, ruling that the Assessing Officer's original assessment was not erroneous or prejudicial to revenue. The appeal by the assessee was allowed, and the related appeal was dismissed as infructuous. The Tribunal held that the CIT's order was based on a change of opinion and did not accurately reflect the property's condition as of 01.04.1981. Case-Laws Income Tax Fri, 03 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=379697