https://www.taxtmi.com/caselaws?id=433737 The Tribunal allowed the appeal, quashing the Ld. PCIT's order under section 263 of the Income Tax Act, 1961. The Tribunal found no errors in the assessment regarding the MAT credit and provisions for doubtful debts, holding that the assessment was not erroneous or prejudicial to revenue. Citing the legal requirement that both conditions of error and prejudice to revenue must be met for revision under section 263, the Tribunal ruled in favor of the assessee. en-us Thu, 05 Jan 2023 00:00:00 +0530 Wed, 08 Feb 2023 07:35:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=433737 The Tribunal allowed the appeal, quashing the Ld. PCIT's order under section 263 of the Income Tax Act, 1961. The Tribunal found no errors in the assessment regarding the MAT credit and provisions for doubtful debts, holding that the assessment was not erroneous or prejudicial to revenue. Citing the legal requirement that both conditions of error and prejudice to revenue must be met for revision under section 263, the Tribunal ruled in favor of the assessee. Case-Laws Income Tax Thu, 05 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=433737