https://www.taxtmi.com/caselaws?id=294815 The Tribunal set aside the revision order under section 263 of the Income Tax Act for Assessment Year 2013-14, finding that the original assessment order was not erroneous or prejudicial to the interest of revenue. The Tribunal noted that the Assessing Officer had already examined the details during the original assessment proceeding, and the assessee had provided comprehensive information. The Tribunal held that the revisionary jurisdiction was not warranted as the original assessment order was based on proper inquiry and acceptance of explanations, ultimately allowing the appeal of the assessee. en-us Fri, 14 Dec 2018 00:00:00 +0530 Tue, 04 May 2021 19:43:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=294815 The Tribunal set aside the revision order under section 263 of the Income Tax Act for Assessment Year 2013-14, finding that the original assessment order was not erroneous or prejudicial to the interest of revenue. The Tribunal noted that the Assessing Officer had already examined the details during the original assessment proceeding, and the assessee had provided comprehensive information. The Tribunal held that the revisionary jurisdiction was not warranted as the original assessment order was based on proper inquiry and acceptance of explanations, ultimately allowing the appeal of the assessee. Case-Laws Income Tax Fri, 14 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=294815