https://www.taxtmi.com/caselaws?id=404853 The High Court upheld the decision of the Income Tax Appellate Tribunal, ruling in favor of the assessee. The Court found that the Commissioner of Income Tax exceeded jurisdiction in revising the assessment order under Section 263 of the Income Tax Act, as the assessment was diligently conducted with all necessary verifications. The Court dismissed the Tax Case Appeal, emphasizing the lack of valid reasons provided by the CIT for deeming the assessment erroneous and concluded that there were no grounds for interference with the Tribunal's ruling. en-us Thu, 18 Feb 2021 00:00:00 +0530 Fri, 05 Mar 2021 09:40:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=404853 The High Court upheld the decision of the Income Tax Appellate Tribunal, ruling in favor of the assessee. The Court found that the Commissioner of Income Tax exceeded jurisdiction in revising the assessment order under Section 263 of the Income Tax Act, as the assessment was diligently conducted with all necessary verifications. The Court dismissed the Tax Case Appeal, emphasizing the lack of valid reasons provided by the CIT for deeming the assessment erroneous and concluded that there were no grounds for interference with the Tribunal's ruling. Case-Laws Income Tax Thu, 18 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=404853