https://www.taxtmi.com/caselaws?id=388849 The Tribunal held that the Principal Commissioner of Income Tax lacked jurisdiction to set aside the assessment order for AY 2014-15 under Section 263 as the order was not proven to be erroneous or prejudicial to revenue. The Tribunal found that the Assessing Officer had properly verified documents and allowed deductions under Section 80IC. The directive for reassessment was deemed invalid, and the appellant's appeal was allowed, overturning the Pr. CIT's order. en-us Wed, 20 Nov 2019 00:00:00 +0530 Mon, 25 Nov 2019 10:05:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=388849 The Tribunal held that the Principal Commissioner of Income Tax lacked jurisdiction to set aside the assessment order for AY 2014-15 under Section 263 as the order was not proven to be erroneous or prejudicial to revenue. The Tribunal found that the Assessing Officer had properly verified documents and allowed deductions under Section 80IC. The directive for reassessment was deemed invalid, and the appellant's appeal was allowed, overturning the Pr. CIT's order. Case-Laws Income Tax Wed, 20 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=388849