https://www.taxtmi.com/caselaws?id=30744 The Income-tax Appellate Tribunal's decision canceling the order under section 263 of the Income-tax Act was challenged in the case. The Tribunal found that the Assessing Officer's decision was within jurisdiction and had accepted the assessee's contentions, thus annulling the Commissioner's order. It was emphasized that the Commissioner could not set aside the Assessing Officer's order if it was a possible view. The Tribunal also noted that there was no tax evasion and partners had paid taxes individually. The Court rejected all appeals, affirming the cancellation of the order under section 263. en-us Thu, 13 Dec 2007 00:00:00 +0530 Sun, 06 Feb 2011 02:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=30744 The Income-tax Appellate Tribunal's decision canceling the order under section 263 of the Income-tax Act was challenged in the case. The Tribunal found that the Assessing Officer's decision was within jurisdiction and had accepted the assessee's contentions, thus annulling the Commissioner's order. It was emphasized that the Commissioner could not set aside the Assessing Officer's order if it was a possible view. The Tribunal also noted that there was no tax evasion and partners had paid taxes individually. The Court rejected all appeals, affirming the cancellation of the order under section 263. Case-Laws Income Tax Thu, 13 Dec 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=30744