https://www.taxtmi.com/caselaws?id=423608 The Tribunal allowed the appeal of the assessee, quashing the order passed under Section 263 of the Income Tax Act, 1961. The Tribunal found that the Assessing Officer had correctly assessed the income, considered the capital gains, and allowed the deduction under Section 54 of the Act, leading to the conclusion that the assessment order was not erroneous. en-us Wed, 08 Jun 2022 00:00:00 +0530 Thu, 09 Jun 2022 15:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=423608 The Tribunal allowed the appeal of the assessee, quashing the order passed under Section 263 of the Income Tax Act, 1961. The Tribunal found that the Assessing Officer had correctly assessed the income, considered the capital gains, and allowed the deduction under Section 54 of the Act, leading to the conclusion that the assessment order was not erroneous. Case-Laws Income Tax Wed, 08 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=423608