https://www.taxtmi.com/caselaws?id=413058 The Tribunal allowed the appeal of the assessee, setting aside the Pr. CIT's order passed under Section 263. The Tribunal found the AO's view on the issues permissible, citing the principle that an order cannot be deemed erroneous if the AO's view is legally sustainable. The Tribunal referred to *Malabar Industries Ltd. Vs. CIT* and concluded that the Pr. CIT's revision was unwarranted. The original assessment order by the AO was restored, and the judgment was pronounced on 30th September 2021, considering the delay due to COVID-19. en-us Thu, 30 Sep 2021 00:00:00 +0530 Sat, 02 Oct 2021 12:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=413058 The Tribunal allowed the appeal of the assessee, setting aside the Pr. CIT's order passed under Section 263. The Tribunal found the AO's view on the issues permissible, citing the principle that an order cannot be deemed erroneous if the AO's view is legally sustainable. The Tribunal referred to *Malabar Industries Ltd. Vs. CIT* and concluded that the Pr. CIT's revision was unwarranted. The original assessment order by the AO was restored, and the judgment was pronounced on 30th September 2021, considering the delay due to COVID-19. Case-Laws Income Tax Thu, 30 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=413058