https://www.taxtmi.com/highlights?id=57311 Revision u/s 263 - Income derived from the partnership firm and claimed as exemption under s. 10(2A) - Non-examination of such crucial aspects which has direct bearing on the correct assessment of income has ostensibly rendered the assessment order to be erroneous as well as prejudicial to the interest of the Revenue. We thus hold that the assessment order passed in such gross lack of application of mind causing prejudice is thus amenable to jurisdiction under s.263- AT en-us Wed, 24 Mar 2021 16:06:22 +0530 Wed, 24 Mar 2021 16:06:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=57311 Revision u/s 263 - Income derived from the partnership firm and claimed as exemption under s. 10(2A) - Non-examination of such crucial aspects which has direct bearing on the correct assessment of income has ostensibly rendered the assessment order to be erroneous as well as prejudicial to the interest of the Revenue. We thus hold that the assessment order passed in such gross lack of application of mind causing prejudice is thus amenable to jurisdiction under s.263- AT Highlights Income Tax Wed, 24 Mar 2021 16:06:22 +0530 https://www.taxtmi.com/highlights?id=57311