https://www.taxtmi.com/caselaws?id=430115 The tribunal ruled in favor of the assessee, finding that the assessment was not erroneous or prejudicial to revenue, and the conditions for invoking section 263 were not met. The tribunal emphasized the importance of proper inquiry and evidence consideration before setting aside assessment orders under section 263. The appeal was allowed, quashing the revisionary proceedings and the order under section 263. en-us Wed, 09 Nov 2022 00:00:00 +0530 Thu, 10 Nov 2022 14:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430115 The tribunal ruled in favor of the assessee, finding that the assessment was not erroneous or prejudicial to revenue, and the conditions for invoking section 263 were not met. The tribunal emphasized the importance of proper inquiry and evidence consideration before setting aside assessment orders under section 263. The appeal was allowed, quashing the revisionary proceedings and the order under section 263. Case-Laws Income Tax Wed, 09 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430115