https://www.taxtmi.com/caselaws?id=431824 The Tribunal allowed the appeal, stating that the Assessing Officer's order was not erroneous or prejudicial to the Revenue's interests. It was held that the provisions of section 263 were wrongly invoked, emphasizing that the issue of tax liability under section 115BBE was adequately addressed during assessment proceedings. The Tribunal noted that the amendment to section 115BBE was not applicable to surveys conducted before a certain date, ultimately concluding that the AO's order was correct and dismissing the Principal Commissioner's jurisdiction under section 263. en-us Tue, 20 Dec 2022 00:00:00 +0530 Thu, 22 Dec 2022 08:44:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=431824 The Tribunal allowed the appeal, stating that the Assessing Officer's order was not erroneous or prejudicial to the Revenue's interests. It was held that the provisions of section 263 were wrongly invoked, emphasizing that the issue of tax liability under section 115BBE was adequately addressed during assessment proceedings. The Tribunal noted that the amendment to section 115BBE was not applicable to surveys conducted before a certain date, ultimately concluding that the AO's order was correct and dismissing the Principal Commissioner's jurisdiction under section 263. Case-Laws Income Tax Tue, 20 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=431824