https://www.taxtmi.com/caselaws?id=29159 The High Court of Punjab and Haryana ruled in favor of the assessee in a case concerning the setting aside of an assessment order under section 263(1) of the Income Tax Act. The Court upheld the Tribunal's decision to set aside the Commissioner's order, emphasizing the need for clear evidence of prejudice to the Revenue before such action can be taken. As there was no material supporting the claim of harm to the Revenue and the assessed income exceeded the returned income significantly, the Court found in favor of the assessee, with no costs awarded. Judge Bhopinder Singh Dhillon concurred with the decision. en-us Wed, 23 Apr 1980 00:00:00 +0530 Thu, 11 Mar 2010 11:58:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=29159 The High Court of Punjab and Haryana ruled in favor of the assessee in a case concerning the setting aside of an assessment order under section 263(1) of the Income Tax Act. The Court upheld the Tribunal's decision to set aside the Commissioner's order, emphasizing the need for clear evidence of prejudice to the Revenue before such action can be taken. As there was no material supporting the claim of harm to the Revenue and the assessed income exceeded the returned income significantly, the Court found in favor of the assessee, with no costs awarded. Judge Bhopinder Singh Dhillon concurred with the decision. Case-Laws Income Tax Wed, 23 Apr 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=29159