https://www.taxtmi.com/caselaws?id=384708 The court found that the Commissioner of Income Tax (CIT) failed to demonstrate that the Assessment Order was erroneous and prejudicial to the revenue. As a result, the court held that the Assessment Order was neither erroneous nor prejudicial to the interest of the revenue. The orders of the ITAT and the CIT under Section 263 were set aside, and the appeal was allowed in favor of the assessee without any order as to costs. en-us Wed, 14 Aug 2019 00:00:00 +0530 Fri, 17 Jan 2020 17:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=384708 The court found that the Commissioner of Income Tax (CIT) failed to demonstrate that the Assessment Order was erroneous and prejudicial to the revenue. As a result, the court held that the Assessment Order was neither erroneous nor prejudicial to the interest of the revenue. The orders of the ITAT and the CIT under Section 263 were set aside, and the appeal was allowed in favor of the assessee without any order as to costs. Case-Laws Income Tax Wed, 14 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=384708