https://www.taxtmi.com/caselaws?id=436540 The Tribunal found that the assessment order was not erroneous or prejudicial to the revenue. It concluded that the Principal Commissioner of Income Tax (PCIT) erred in invoking jurisdiction under section 263 as the Assessing Officer had adequately inquired into the long-term capital gains. The PCIT's order was quashed, and the appeal by the assessee was allowed. en-us Wed, 22 Mar 2023 00:00:00 +0530 Thu, 13 Apr 2023 16:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=436540 The Tribunal found that the assessment order was not erroneous or prejudicial to the revenue. It concluded that the Principal Commissioner of Income Tax (PCIT) erred in invoking jurisdiction under section 263 as the Assessing Officer had adequately inquired into the long-term capital gains. The PCIT's order was quashed, and the appeal by the assessee was allowed. Case-Laws Income Tax Wed, 22 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=436540