https://www.taxtmi.com/caselaws?id=424563 The Tribunal held that the Assessing Officer's decision to allow the deduction under Section 54B was not erroneous or prejudicial to revenue. The Tribunal found that the AO conducted necessary verifications and examinations, supporting the appellant's claim. As a result, the Principal Commissioner of Income Tax's revision order under Section 263 was set aside, and the appeal by the assessee was allowed. en-us Thu, 30 Jun 2022 00:00:00 +0530 Mon, 04 Jul 2022 09:08:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=424563 The Tribunal held that the Assessing Officer's decision to allow the deduction under Section 54B was not erroneous or prejudicial to revenue. The Tribunal found that the AO conducted necessary verifications and examinations, supporting the appellant's claim. As a result, the Principal Commissioner of Income Tax's revision order under Section 263 was set aside, and the appeal by the assessee was allowed. Case-Laws Income Tax Thu, 30 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=424563