https://www.taxtmi.com/caselaws?id=432432 The Tribunal upheld the Commissioner's orders under Section 263, finding the assessment orders erroneous and prejudicial to revenue. The appellants' contentions were dismissed, emphasizing the importance of proper valuation and genuine transactions to prevent revenue prejudice. The appeals were rejected, with the Tribunal ruling in favor of the Income Tax Department. en-us Wed, 21 Dec 2022 00:00:00 +0530 Mon, 10 Apr 2023 10:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=432432 The Tribunal upheld the Commissioner's orders under Section 263, finding the assessment orders erroneous and prejudicial to revenue. The appellants' contentions were dismissed, emphasizing the importance of proper valuation and genuine transactions to prevent revenue prejudice. The appeals were rejected, with the Tribunal ruling in favor of the Income Tax Department. Case-Laws Income Tax Wed, 21 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=432432