https://www.taxtmi.com/caselaws?id=402389 The tribunal allowed the assessee's appeals, quashing the PCIT's order under section 263 for AYs 2014-15 and 2015-16. The tribunal held that the AO's assessment was not erroneous based on the information available at the time, and subsequent events could not retroactively affect the assessment's validity. The tribunal also addressed procedural issues, such as condonation of delay and refund of excess appeal fees. en-us Tue, 17 Nov 2020 00:00:00 +0530 Wed, 30 Dec 2020 20:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402389 The tribunal allowed the assessee's appeals, quashing the PCIT's order under section 263 for AYs 2014-15 and 2015-16. The tribunal held that the AO's assessment was not erroneous based on the information available at the time, and subsequent events could not retroactively affect the assessment's validity. The tribunal also addressed procedural issues, such as condonation of delay and refund of excess appeal fees. Case-Laws Income Tax Tue, 17 Nov 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402389