https://www.taxtmi.com/caselaws?id=432003 The Tribunal allowed the Assessee's appeal against the Ld. Revisional Authority's order under Section 263. It held that the assessment order was not prejudicial to revenue, as the Ld. AO had appropriately treated the cash deposits as business income. The Tribunal found no revenue loss and set aside the Ld. Revisional Authority's order, ruling that invoking Section 263 was unwarranted. en-us Thu, 22 Dec 2022 00:00:00 +0530 Mon, 26 Dec 2022 09:10:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=432003 The Tribunal allowed the Assessee's appeal against the Ld. Revisional Authority's order under Section 263. It held that the assessment order was not prejudicial to revenue, as the Ld. AO had appropriately treated the cash deposits as business income. The Tribunal found no revenue loss and set aside the Ld. Revisional Authority's order, ruling that invoking Section 263 was unwarranted. Case-Laws Income Tax Thu, 22 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=432003