https://www.taxtmi.com/caselaws?id=436312 The Tribunal dismissed the Principal Commissioner's order under section 263, concluding that the Assessing Officer's decision was not erroneous or prejudicial to the interest of revenue. The Tribunal found that the Assessing Officer had properly examined the details furnished, and therefore, the revisional power under section 263 was improperly invoked. The order for fresh adjudication was set aside based on the evidence and submissions provided during assessment proceedings. en-us Fri, 31 Mar 2023 00:00:00 +0530 Sat, 08 Apr 2023 10:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=436312 The Tribunal dismissed the Principal Commissioner's order under section 263, concluding that the Assessing Officer's decision was not erroneous or prejudicial to the interest of revenue. The Tribunal found that the Assessing Officer had properly examined the details furnished, and therefore, the revisional power under section 263 was improperly invoked. The order for fresh adjudication was set aside based on the evidence and submissions provided during assessment proceedings. Case-Laws Income Tax Fri, 31 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=436312