https://www.taxtmi.com/caselaws?id=412788 The Tribunal held that the Principal Commissioner of Income Tax's invocation of Section 263 was not justified as the Assessing Officer's order was found to be neither erroneous nor prejudicial to the Revenue. The Tribunal set aside the Commissioner's order and allowed the assessee's appeal, emphasizing that the Assessing Officer had conducted a thorough inquiry and verification before accepting the returned income. en-us Thu, 23 Sep 2021 00:00:00 +0530 Thu, 30 Dec 2021 14:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=412788 The Tribunal held that the Principal Commissioner of Income Tax's invocation of Section 263 was not justified as the Assessing Officer's order was found to be neither erroneous nor prejudicial to the Revenue. The Tribunal set aside the Commissioner's order and allowed the assessee's appeal, emphasizing that the Assessing Officer had conducted a thorough inquiry and verification before accepting the returned income. Case-Laws Income Tax Thu, 23 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=412788