https://www.taxtmi.com/caselaws?id=425127 The tribunal found that the Assessing Officer had properly conducted inquiries and applied the law in assessing the case. It concluded that the assessment order was not erroneous or prejudicial to revenue interests. Therefore, the Principal Commissioner of Income Tax's decision to revise the assessment order under Section 263 was deemed incorrect. The appeal of the assessee was allowed, and the Principal Commissioner's order was set aside. en-us Wed, 13 Jul 2022 00:00:00 +0530 Fri, 15 Jul 2022 12:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=425127 The tribunal found that the Assessing Officer had properly conducted inquiries and applied the law in assessing the case. It concluded that the assessment order was not erroneous or prejudicial to revenue interests. Therefore, the Principal Commissioner of Income Tax's decision to revise the assessment order under Section 263 was deemed incorrect. The appeal of the assessee was allowed, and the Principal Commissioner's order was set aside. Case-Laws Income Tax Wed, 13 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=425127