https://www.taxtmi.com/caselaws?id=413059 The Tribunal held that the Principal Commissioner of Income Tax's invocation of Section 263 was invalid as the Assessing Officer's order was not erroneous or prejudicial to revenue. The AO correctly followed the legal requirement that no additions could be made in an unabated assessment year without incriminating material, leading to the Assessee's appeal being allowed and the PCIT's order being quashed. en-us Thu, 30 Sep 2021 00:00:00 +0530 Wed, 24 Nov 2021 15:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=413059 The Tribunal held that the Principal Commissioner of Income Tax's invocation of Section 263 was invalid as the Assessing Officer's order was not erroneous or prejudicial to revenue. The AO correctly followed the legal requirement that no additions could be made in an unabated assessment year without incriminating material, leading to the Assessee's appeal being allowed and the PCIT's order being quashed. Case-Laws Income Tax Thu, 30 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=413059