https://www.taxtmi.com/caselaws?id=303441 The Tribunal allowed the appeal of the assessee, holding that the assessment order was neither erroneous nor prejudicial to the interest of the Revenue. The Tribunal found that the Assessing Officer had conducted adequate inquiries and taken a plausible view, and the Commissioner of Income Tax's invocation of Section 263 was not justified. The order of the Commissioner under Section 263 was set aside, and the Assessing Officer's assessment order was upheld. en-us Mon, 30 Nov 2015 00:00:00 +0530 Sat, 23 Jul 2022 09:01:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=303441 The Tribunal allowed the appeal of the assessee, holding that the assessment order was neither erroneous nor prejudicial to the interest of the Revenue. The Tribunal found that the Assessing Officer had conducted adequate inquiries and taken a plausible view, and the Commissioner of Income Tax's invocation of Section 263 was not justified. The order of the Commissioner under Section 263 was set aside, and the Assessing Officer's assessment order was upheld. Case-Laws Income Tax Mon, 30 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=303441