https://www.taxtmi.com/caselaws?id=416397 The Tribunal overturned the Principal Commissioner of Income Tax's revisionary order under section 263, finding that the Assessing Officer's original assessment under section 143(3) was not erroneous or prejudicial to revenue. The Tribunal held that the AO had appropriately examined the undisclosed income and deductions claimed by the assessee, concluding that the AO's order was valid and not detrimental to revenue. Consequently, the Tribunal quashed the revisionary order and upheld the assessment order for the relevant assessment year. en-us Tue, 09 Nov 2021 00:00:00 +0530 Tue, 28 Dec 2021 08:51:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416397 The Tribunal overturned the Principal Commissioner of Income Tax's revisionary order under section 263, finding that the Assessing Officer's original assessment under section 143(3) was not erroneous or prejudicial to revenue. The Tribunal held that the AO had appropriately examined the undisclosed income and deductions claimed by the assessee, concluding that the AO's order was valid and not detrimental to revenue. Consequently, the Tribunal quashed the revisionary order and upheld the assessment order for the relevant assessment year. Case-Laws Income Tax Tue, 09 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416397