https://www.taxtmi.com/caselaws?id=297713 The Tribunal held that the assessment order was not erroneous or prejudicial to the interest of the Revenue. The invocation of Section 263 by the Principal Commissioner of Income Tax was quashed, and the appeal filed by the assessee was allowed. The Tribunal found that the Assessing Officer had conducted a detailed inquiry during the assessment proceedings, considering various aspects highlighted by the Pr. CIT, and had made reasoned decisions on each issue. en-us Fri, 26 Feb 2016 00:00:00 +0530 Sun, 19 Sep 2021 22:12:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=297713 The Tribunal held that the assessment order was not erroneous or prejudicial to the interest of the Revenue. The invocation of Section 263 by the Principal Commissioner of Income Tax was quashed, and the appeal filed by the assessee was allowed. The Tribunal found that the Assessing Officer had conducted a detailed inquiry during the assessment proceedings, considering various aspects highlighted by the Pr. CIT, and had made reasoned decisions on each issue. Case-Laws Income Tax Fri, 26 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=297713