https://www.taxtmi.com/caselaws?id=399275 The tribunal upheld the Principal Commissioner of Income Tax's invocation of Section 263, determining the assessment as erroneous and prejudicial to Revenue interests due to inadequate examination of key issues. The tribunal directed the Assessing Officer to reassess after thorough verification, allowing the assessee to present their case. The appeal by the assessee was dismissed. en-us Mon, 05 Oct 2020 00:00:00 +0530 Wed, 07 Oct 2020 12:13:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=399275 The tribunal upheld the Principal Commissioner of Income Tax's invocation of Section 263, determining the assessment as erroneous and prejudicial to Revenue interests due to inadequate examination of key issues. The tribunal directed the Assessing Officer to reassess after thorough verification, allowing the assessee to present their case. The appeal by the assessee was dismissed. Case-Laws Income Tax Mon, 05 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=399275