https://www.taxtmi.com/caselaws?id=408673 The Tribunal upheld the Principal Commissioner's order under section 263, finding the assessment order erroneous and prejudicial to Revenue's interest due to the AO's failure to examine crucial facts regarding share application and share premium transactions. The Tribunal dismissed the assessee's appeal, emphasizing the necessity of proper examination of these transactions to ensure the accuracy of the assessment order. en-us Thu, 03 Jun 2021 00:00:00 +0530 Fri, 18 Jun 2021 08:12:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408673 The Tribunal upheld the Principal Commissioner's order under section 263, finding the assessment order erroneous and prejudicial to Revenue's interest due to the AO's failure to examine crucial facts regarding share application and share premium transactions. The Tribunal dismissed the assessee's appeal, emphasizing the necessity of proper examination of these transactions to ensure the accuracy of the assessment order. Case-Laws Income Tax Thu, 03 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408673