https://www.taxtmi.com/caselaws?id=435329 The Tribunal found that the Assessing Officer's assessment was comprehensive and that the Principal Commissioner of Income Tax's (PCIT) invocation of section 263 was unwarranted. The appeal by the assessee was upheld, and the revision order issued by the PCIT was set aside. The Tribunal determined that the assessment order was not erroneous or prejudicial to the revenue's interests, thereby concluding in favor of the assessee. en-us Wed, 15 Mar 2023 00:00:00 +0530 Fri, 17 Mar 2023 08:38:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=435329 The Tribunal found that the Assessing Officer's assessment was comprehensive and that the Principal Commissioner of Income Tax's (PCIT) invocation of section 263 was unwarranted. The appeal by the assessee was upheld, and the revision order issued by the PCIT was set aside. The Tribunal determined that the assessment order was not erroneous or prejudicial to the revenue's interests, thereby concluding in favor of the assessee. Case-Laws Income Tax Wed, 15 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=435329