https://www.taxtmi.com/caselaws?id=298439 The Tribunal set aside the Principal Commissioner of Income Tax's order passed under Section 263, concluding that the Assessing Officer's order was not erroneous and prejudicial to the interests of the Revenue. The appeal of the assessee was allowed, with the Tribunal finding that the Principal CIT had overstepped his jurisdiction by substituting his opinion for that of the AO. The order was pronounced in open court on 26/08/2016. en-us Fri, 26 Aug 2016 00:00:00 +0530 Tue, 02 Nov 2021 09:26:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=298439 The Tribunal set aside the Principal Commissioner of Income Tax's order passed under Section 263, concluding that the Assessing Officer's order was not erroneous and prejudicial to the interests of the Revenue. The appeal of the assessee was allowed, with the Tribunal finding that the Principal CIT had overstepped his jurisdiction by substituting his opinion for that of the AO. The order was pronounced in open court on 26/08/2016. Case-Laws Income Tax Fri, 26 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=298439