https://www.taxtmi.com/caselaws?id=416299 The Tribunal allowed the appeal, setting aside the Commissioner of Income-tax (Exemptions)'s order under section 263 of the Income-tax Act, 1961 for the assessment year 2011-12. The Tribunal found that the assessment order was not erroneous or prejudicial to revenue, emphasizing the need for a proper inquiry and highlighting that the CIT(E) failed to prove errors in the assessment. Additionally, the Tribunal noted that the CIT(E) acted beyond the limitation period and addressed issues unrelated to the initial reassessment, deeming the actions unlawful and contrary to legal precedents. en-us Tue, 02 Nov 2021 00:00:00 +0530 Thu, 30 Dec 2021 15:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416299 The Tribunal allowed the appeal, setting aside the Commissioner of Income-tax (Exemptions)'s order under section 263 of the Income-tax Act, 1961 for the assessment year 2011-12. The Tribunal found that the assessment order was not erroneous or prejudicial to revenue, emphasizing the need for a proper inquiry and highlighting that the CIT(E) failed to prove errors in the assessment. Additionally, the Tribunal noted that the CIT(E) acted beyond the limitation period and addressed issues unrelated to the initial reassessment, deeming the actions unlawful and contrary to legal precedents. Case-Laws Income Tax Tue, 02 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416299