https://www.taxtmi.com/caselaws?id=389380 The Tribunal held that the Commissioner failed to show that the assessment orders were erroneous and prejudicial to the Revenue. The Commissioner lacked independent inquiry or additional material to support the allegations. Consequently, the Tribunal quashed the orders under Section 263, upholding the assessment orders by the AO and allowing the assessees' appeals. en-us Wed, 04 Dec 2019 00:00:00 +0530 Fri, 06 Dec 2019 14:59:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=389380 The Tribunal held that the Commissioner failed to show that the assessment orders were erroneous and prejudicial to the Revenue. The Commissioner lacked independent inquiry or additional material to support the allegations. Consequently, the Tribunal quashed the orders under Section 263, upholding the assessment orders by the AO and allowing the assessees' appeals. Case-Laws Income Tax Wed, 04 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=389380