https://www.taxtmi.com/caselaws?id=287803 The Tribunal allowed the appeal, condoning the delay in filing due to a misunderstanding and admitting it for hearing. Regarding the invocation of Section 263 by the Commissioner, the Tribunal emphasized the necessity for demonstrating both error and prejudice to revenue. As no addition was made in related assessments and no evidence proved the Assessing Officer's decision was legally flawed, the Tribunal set aside the Commissioner's order, highlighting the importance of justifying revisions based on legal grounds. en-us Fri, 20 Jul 2018 00:00:00 +0530 Mon, 04 May 2020 12:41:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=287803 The Tribunal allowed the appeal, condoning the delay in filing due to a misunderstanding and admitting it for hearing. Regarding the invocation of Section 263 by the Commissioner, the Tribunal emphasized the necessity for demonstrating both error and prejudice to revenue. As no addition was made in related assessments and no evidence proved the Assessing Officer's decision was legally flawed, the Tribunal set aside the Commissioner's order, highlighting the importance of justifying revisions based on legal grounds. Case-Laws Income Tax Fri, 20 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=287803