https://www.taxtmi.com/caselaws?id=434664 The Tribunal held that the Assessing Officer's order was not erroneous and did not prejudice the Revenue. The Principal Commissioner's jurisdiction under Section 263 was set aside, and the assessee's appeal was allowed. The Tribunal found the assessee's calculation of the deduction under Section 36(1)(viii) to be in accordance with the law and accepted standards, emphasizing the need to address anomalies with the assessee during revisionary proceedings to uphold natural justice principles. en-us Mon, 27 Feb 2023 00:00:00 +0530 Wed, 01 Mar 2023 08:19:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=434664 The Tribunal held that the Assessing Officer's order was not erroneous and did not prejudice the Revenue. The Principal Commissioner's jurisdiction under Section 263 was set aside, and the assessee's appeal was allowed. The Tribunal found the assessee's calculation of the deduction under Section 36(1)(viii) to be in accordance with the law and accepted standards, emphasizing the need to address anomalies with the assessee during revisionary proceedings to uphold natural justice principles. Case-Laws Income Tax Mon, 27 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=434664