https://www.taxtmi.com/caselaws?id=413392 The tribunal found in favor of the assessee, ruling that the Principal Commissioner of Income Tax erred in invoking Section 263 as the assessment order under Section 143(3) was not deemed erroneous or prejudicial to revenue interests. The tribunal emphasized that the limited scrutiny mandate was not exceeded by the Assessing Officer, leading to the quashing of the Section 263 order. Consequently, the appeal was allowed solely on this ground, rendering other issues moot. en-us Fri, 24 Sep 2021 00:00:00 +0530 Mon, 11 Oct 2021 08:27:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=413392 The tribunal found in favor of the assessee, ruling that the Principal Commissioner of Income Tax erred in invoking Section 263 as the assessment order under Section 143(3) was not deemed erroneous or prejudicial to revenue interests. The tribunal emphasized that the limited scrutiny mandate was not exceeded by the Assessing Officer, leading to the quashing of the Section 263 order. Consequently, the appeal was allowed solely on this ground, rendering other issues moot. Case-Laws Income Tax Fri, 24 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=413392