https://www.taxtmi.com/caselaws?id=412364 The Court ruled in favor of the assessee, dismissing the Revenue's appeal. It held that Section 263 cannot be used to revise a draft assessment order under Section 144C as it is not considered erroneous and prejudicial to revenue at that stage. The Court emphasized that Section 263 does not apply to draft assessment orders, which are finalized after DRP directions. en-us Wed, 04 Aug 2021 00:00:00 +0530 Thu, 16 Sep 2021 09:05:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=412364 The Court ruled in favor of the assessee, dismissing the Revenue's appeal. It held that Section 263 cannot be used to revise a draft assessment order under Section 144C as it is not considered erroneous and prejudicial to revenue at that stage. The Court emphasized that Section 263 does not apply to draft assessment orders, which are finalized after DRP directions. Case-Laws Income Tax Wed, 04 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=412364