https://www.taxtmi.com/caselaws?id=436603 The Tribunal quashed the revision order under section 263, holding that the Assessing Officer's decision to drop the proposed additions after considering the assessee's reply was valid. The Tribunal emphasized that the absence of detailed discussion on proposed additions in the final assessment order did not render it erroneous or prejudicial to revenue. Consequently, the appeal filed by the assessee was allowed, and the revision order was set aside. en-us Wed, 12 Apr 2023 00:00:00 +0530 Fri, 14 Apr 2023 14:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=436603 The Tribunal quashed the revision order under section 263, holding that the Assessing Officer's decision to drop the proposed additions after considering the assessee's reply was valid. The Tribunal emphasized that the absence of detailed discussion on proposed additions in the final assessment order did not render it erroneous or prejudicial to revenue. Consequently, the appeal filed by the assessee was allowed, and the revision order was set aside. Case-Laws Income Tax Wed, 12 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=436603