https://www.taxtmi.com/caselaws?id=298159 The Tribunal allowed the appeal, holding that the Principal Commissioner of Income Tax was not justified in invoking revision proceedings under Section 263 of the IT Act. The Tribunal found that the original assessment order, though erroneous, was not prejudicial to the Revenue's interests, rendering the revision order invalid. The Tribunal set aside the Principal CIT's order and pronounced the decision on 19th December 2017. en-us Tue, 19 Dec 2017 00:00:00 +0530 Sat, 16 Oct 2021 09:02:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=298159 The Tribunal allowed the appeal, holding that the Principal Commissioner of Income Tax was not justified in invoking revision proceedings under Section 263 of the IT Act. The Tribunal found that the original assessment order, though erroneous, was not prejudicial to the Revenue's interests, rendering the revision order invalid. The Tribunal set aside the Principal CIT's order and pronounced the decision on 19th December 2017. Case-Laws Income Tax Tue, 19 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=298159