https://www.taxtmi.com/caselaws?id=387225 The Tribunal found that the revision order by the CIT (LTU) under Section 263 of the Income-tax Act was invalid and bad in law. It held that the AO had already examined the relevant issues during assessment proceedings, and the order was not erroneous or prejudicial to the interest of Revenue. The Tribunal cited precedents to support its decision and concluded that the CIT's revision exercise was improper. Consequently, the revision order was quashed, and the appeal of the assessee was allowed. en-us Tue, 03 Sep 2019 00:00:00 +0530 Sat, 19 Oct 2019 15:43:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=387225 The Tribunal found that the revision order by the CIT (LTU) under Section 263 of the Income-tax Act was invalid and bad in law. It held that the AO had already examined the relevant issues during assessment proceedings, and the order was not erroneous or prejudicial to the interest of Revenue. The Tribunal cited precedents to support its decision and concluded that the CIT's revision exercise was improper. Consequently, the revision order was quashed, and the appeal of the assessee was allowed. Case-Laws Income Tax Tue, 03 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=387225