https://www.taxtmi.com/caselaws?id=419033 The Tribunal allowed the appeal, holding that the Principal Commissioner of Income Tax's decision to set aside the assessment order under Section 263 was incorrect. The issue of interest income from Co-operative Banks had already been considered during the initial assessment proceedings under Section 143(3). The show cause notice for revision was deemed unwarranted as the Assessing Officer had verified the issue, and relevant court decisions supported the claim. The appeal was allowed, and the original assessment order stood. en-us Mon, 21 Feb 2022 00:00:00 +0530 Wed, 02 Mar 2022 08:35:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=419033 The Tribunal allowed the appeal, holding that the Principal Commissioner of Income Tax's decision to set aside the assessment order under Section 263 was incorrect. The issue of interest income from Co-operative Banks had already been considered during the initial assessment proceedings under Section 143(3). The show cause notice for revision was deemed unwarranted as the Assessing Officer had verified the issue, and relevant court decisions supported the claim. The appeal was allowed, and the original assessment order stood. Case-Laws Income Tax Mon, 21 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=419033