https://www.taxtmi.com/caselaws?id=423282 The Tribunal allowed the Assessee's appeal, emphasizing that the assessment order was not erroneous or prejudicial to the revenue's interest based on the interpretations of legal provisions and judicial precedents. The Tribunal quashed the revisional order of the Principal Commissioner, holding that when two plausible views exist, and the Assessing Officer has taken one, the order cannot be considered erroneous. en-us Tue, 31 May 2022 00:00:00 +0530 Wed, 14 Dec 2022 14:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=423282 The Tribunal allowed the Assessee's appeal, emphasizing that the assessment order was not erroneous or prejudicial to the revenue's interest based on the interpretations of legal provisions and judicial precedents. The Tribunal quashed the revisional order of the Principal Commissioner, holding that when two plausible views exist, and the Assessing Officer has taken one, the order cannot be considered erroneous. Case-Laws Income Tax Tue, 31 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=423282