https://www.taxtmi.com/caselaws?id=402395 The Tribunal allowed the appeal, quashing the revision order passed by the CIT(E) under section 263. It held that the AO's assessment order was not erroneous or prejudicial to the interest of the revenue. The directions for a de novo assessment were also quashed as the CIT(E) had not provided sufficient grounds to justify it, and had overstepped his jurisdiction under section 263. en-us Mon, 28 Dec 2020 00:00:00 +0530 Fri, 10 Apr 2026 18:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402395 The Tribunal allowed the appeal, quashing the revision order passed by the CIT(E) under section 263. It held that the AO's assessment order was not erroneous or prejudicial to the interest of the revenue. The directions for a de novo assessment were also quashed as the CIT(E) had not provided sufficient grounds to justify it, and had overstepped his jurisdiction under section 263. Case-Laws Income Tax Mon, 28 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402395