https://www.taxtmi.com/caselaws?id=423490 The Tribunal allowed the assessee's appeal, setting aside the Principal Commissioner of Income Tax's order under Section 263. The Tribunal found the order to be barred by limitation, invalid due to lack of reasonable opportunity of hearing, failure to establish the erroneous or prejudicial nature of the assessment order, and improper scope of reassessment. Consequently, the original assessment order was restored. en-us Tue, 26 Apr 2022 00:00:00 +0530 Wed, 08 Jun 2022 09:41:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=423490 The Tribunal allowed the assessee's appeal, setting aside the Principal Commissioner of Income Tax's order under Section 263. The Tribunal found the order to be barred by limitation, invalid due to lack of reasonable opportunity of hearing, failure to establish the erroneous or prejudicial nature of the assessment order, and improper scope of reassessment. Consequently, the original assessment order was restored. Case-Laws Income Tax Tue, 26 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=423490