https://www.taxtmi.com/caselaws?id=429652 The Tribunal quashed the order under section 263 of the Income-tax Act, allowing the appeal of the assessee. The corrections made in the assessment proceedings regarding long term capital gain were found to be factually correct and compliant with the law, without prejudicing the revenue's interest. The Tribunal emphasized the importance of verifiable facts and compliance in such corrections, ultimately ruling in favor of the assessee. en-us Mon, 31 Oct 2022 00:00:00 +0530 Wed, 02 Nov 2022 09:12:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429652 The Tribunal quashed the order under section 263 of the Income-tax Act, allowing the appeal of the assessee. The corrections made in the assessment proceedings regarding long term capital gain were found to be factually correct and compliant with the law, without prejudicing the revenue's interest. The Tribunal emphasized the importance of verifiable facts and compliance in such corrections, ultimately ruling in favor of the assessee. Case-Laws Income Tax Mon, 31 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429652