https://www.taxtmi.com/caselaws?id=390090 The Tribunal held that the Assessing Officer's assessment order was adequate and not prejudicial to revenue. The Principal Commissioner of Income Tax's initiation of revisional proceedings under section 263 was invalidated for lack of independent assessment and non-compliance with procedural requirements. As a result, the revisional proceedings, notice, and order under section 263 were annulled, and the assessee's appeal was granted. en-us Wed, 18 Dec 2019 00:00:00 +0530 Mon, 23 Dec 2019 16:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=390090 The Tribunal held that the Assessing Officer's assessment order was adequate and not prejudicial to revenue. The Principal Commissioner of Income Tax's initiation of revisional proceedings under section 263 was invalidated for lack of independent assessment and non-compliance with procedural requirements. As a result, the revisional proceedings, notice, and order under section 263 were annulled, and the assessee's appeal was granted. Case-Laws Income Tax Wed, 18 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=390090