https://www.taxtmi.com/caselaws?id=414137 The Tribunal ruled in favor of the assessee, holding that the assessment order for the assessment year 2015-16 under section 263 of the Income Tax Act was not erroneous or prejudicial to revenue. The Tribunal found discrepancies related to commission expenses and net profit but concluded that the order did not meet the conditions for invoking section 263. Previous ITAT decisions supporting similar commission payments and the appellant's cooperation during scrutiny proceedings were crucial in the Tribunal's decision to quash the revision order. The Tribunal emphasized the lack of error in the assessment order and ruled in favor of the assessee. en-us Tue, 28 Sep 2021 00:00:00 +0530 Fri, 29 Oct 2021 05:22:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=414137 The Tribunal ruled in favor of the assessee, holding that the assessment order for the assessment year 2015-16 under section 263 of the Income Tax Act was not erroneous or prejudicial to revenue. The Tribunal found discrepancies related to commission expenses and net profit but concluded that the order did not meet the conditions for invoking section 263. Previous ITAT decisions supporting similar commission payments and the appellant's cooperation during scrutiny proceedings were crucial in the Tribunal's decision to quash the revision order. The Tribunal emphasized the lack of error in the assessment order and ruled in favor of the assessee. Case-Laws Income Tax Tue, 28 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=414137