https://www.taxtmi.com/caselaws?id=390293 The appeal challenged the CIT's order under Section 263 of the Income Tax Act, arguing that the Assessing Officer's stance in the assessment made the order not erroneous. However, the CIT found the order erroneous as Section 43CA was not considered, leading to setting aside the order for a proper review. The failure to apply Section 43CA in the assessment was deemed prejudicial to revenue's interest, resulting in the reassessment direction by the Tribunal. en-us Wed, 16 Oct 2019 00:00:00 +0530 Sat, 28 Dec 2019 10:40:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=390293 The appeal challenged the CIT's order under Section 263 of the Income Tax Act, arguing that the Assessing Officer's stance in the assessment made the order not erroneous. However, the CIT found the order erroneous as Section 43CA was not considered, leading to setting aside the order for a proper review. The failure to apply Section 43CA in the assessment was deemed prejudicial to revenue's interest, resulting in the reassessment direction by the Tribunal. Case-Laws Income Tax Wed, 16 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=390293