https://www.taxtmi.com/caselaws?id=389799 The Tribunal concluded that the assessment order was not erroneous or prejudicial to revenue. The order passed by the Principal Commissioner of Income Tax under Section 263 was quashed, and the appeal of the assessee was allowed. The Tribunal emphasized that in cases of unabated assessments, additions cannot be made without incriminating material, and the Assessing Officer's order was deemed acceptable based on the presented facts and circumstances. en-us Mon, 09 Dec 2019 00:00:00 +0530 Tue, 17 Dec 2019 15:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=389799 The Tribunal concluded that the assessment order was not erroneous or prejudicial to revenue. The order passed by the Principal Commissioner of Income Tax under Section 263 was quashed, and the appeal of the assessee was allowed. The Tribunal emphasized that in cases of unabated assessments, additions cannot be made without incriminating material, and the Assessing Officer's order was deemed acceptable based on the presented facts and circumstances. Case-Laws Income Tax Mon, 09 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=389799