https://www.taxtmi.com/caselaws?id=302296 The tribunal quashed the Commissioner of Income Tax's order under Section 263, ruling that the Commissioner lacked jurisdiction to review an assessment order made by the Assessing Officer based on directions from the Dispute Resolution Panel. The tribunal emphasized that the DRP's directions are binding on the Assessing Officer and that the Commissioner cannot assume jurisdiction under Section 263 for such orders. The assessment order was found to be erroneous and prejudicial to the interests of Revenue due to inadequacies in examining various claims, leading to the tribunal's decision in favor of the assessee. en-us Mon, 03 Jan 2022 00:00:00 +0530 Tue, 14 Apr 2026 11:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=302296 The tribunal quashed the Commissioner of Income Tax's order under Section 263, ruling that the Commissioner lacked jurisdiction to review an assessment order made by the Assessing Officer based on directions from the Dispute Resolution Panel. The tribunal emphasized that the DRP's directions are binding on the Assessing Officer and that the Commissioner cannot assume jurisdiction under Section 263 for such orders. The assessment order was found to be erroneous and prejudicial to the interests of Revenue due to inadequacies in examining various claims, leading to the tribunal's decision in favor of the assessee. Case-Laws Income Tax Mon, 03 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=302296