https://www.taxtmi.com/caselaws?id=433819 The Tribunal allowed the appeal, quashing the order of the Principal Commissioner of Income Tax, as the disputed amount of Rs.9,00,000/- had already been taxed in previous assessment years, resulting in a revenue-neutral situation with no loss to the revenue. The Tribunal held that while the assessment order was erroneous, it was not prejudicial to the interest of revenue, and thus, set it aside in favor of the assessee. en-us Mon, 30 Jan 2023 00:00:00 +0530 Fri, 10 Feb 2023 09:44:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=433819 The Tribunal allowed the appeal, quashing the order of the Principal Commissioner of Income Tax, as the disputed amount of Rs.9,00,000/- had already been taxed in previous assessment years, resulting in a revenue-neutral situation with no loss to the revenue. The Tribunal held that while the assessment order was erroneous, it was not prejudicial to the interest of revenue, and thus, set it aside in favor of the assessee. Case-Laws Income Tax Mon, 30 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=433819