https://www.taxtmi.com/caselaws?id=431626 The Tribunal held that the Principal Commissioner of Income Tax wrongly assumed jurisdiction under Section 263 to set aside the assessment order. It was found that the original assessment by the Assessing Officer was thorough and not erroneous or prejudicial. The Tribunal concluded that the order by the Principal Commissioner was arbitrary and unjustified, setting it aside and upholding the original assessment order. The appeal of the assessee was allowed. en-us Tue, 06 Dec 2022 00:00:00 +0530 Sat, 17 Dec 2022 09:16:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=431626 The Tribunal held that the Principal Commissioner of Income Tax wrongly assumed jurisdiction under Section 263 to set aside the assessment order. It was found that the original assessment by the Assessing Officer was thorough and not erroneous or prejudicial. The Tribunal concluded that the order by the Principal Commissioner was arbitrary and unjustified, setting it aside and upholding the original assessment order. The appeal of the assessee was allowed. Case-Laws Income Tax Tue, 06 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=431626