https://www.taxtmi.com/caselaws?id=295385 The Tribunal upheld the Commissioner of Income Tax's jurisdiction under section 263, finding the Assessing Officer's order erroneous and prejudicial to revenue. The appeal challenging depreciation allowance on a toll road, under-assessment of interest income, deduction of interest on late TDS deposit, and discrepancy in fixed assets addition was dismissed. The Tribunal concurred that the Assessing Officer's mechanical approach without proper examination led to errors benefiting the assessee, supporting the Commissioner's corrective actions. en-us Tue, 30 Aug 2011 00:00:00 +0530 Tue, 01 Jun 2021 16:38:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=295385 The Tribunal upheld the Commissioner of Income Tax's jurisdiction under section 263, finding the Assessing Officer's order erroneous and prejudicial to revenue. The appeal challenging depreciation allowance on a toll road, under-assessment of interest income, deduction of interest on late TDS deposit, and discrepancy in fixed assets addition was dismissed. The Tribunal concurred that the Assessing Officer's mechanical approach without proper examination led to errors benefiting the assessee, supporting the Commissioner's corrective actions. Case-Laws Income Tax Tue, 30 Aug 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=295385