https://www.taxtmi.com/caselaws?id=409170 The Tribunal upheld the revision proceedings under section 263 initiated by the Principal Commissioner of Income Tax (Pr. CIT) for Assessment Year 2015-16. The Tribunal found the lack of proper verification by the Assessing Officer (AO) regarding disputed claims on royalty payment and corporate social responsibility expenditure. As a result, the assessment order was deemed erroneous and prejudicial to revenue, leading to the dismissal of the assessee's appeal on 25th June 2021. en-us Fri, 25 Jun 2021 00:00:00 +0530 Thu, 01 Jul 2021 07:55:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409170 The Tribunal upheld the revision proceedings under section 263 initiated by the Principal Commissioner of Income Tax (Pr. CIT) for Assessment Year 2015-16. The Tribunal found the lack of proper verification by the Assessing Officer (AO) regarding disputed claims on royalty payment and corporate social responsibility expenditure. As a result, the assessment order was deemed erroneous and prejudicial to revenue, leading to the dismissal of the assessee's appeal on 25th June 2021. Case-Laws Income Tax Fri, 25 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409170