https://www.taxtmi.com/caselaws?id=436707 The appeal, initially time-barred, was admitted for disposal on merits after the assessee provided satisfactory reasons for the delay. The assessment order under section 263 was challenged due to a mismatch in contract receipts/fees, leading to the order being deemed erroneous and prejudicial to revenue. The Pr.CIT set aside the assessment order, directing a fresh assessment. The Tribunal found the assessing officer's failure to investigate discrepancies between tax returns as erroneous, upholding the decision to dismiss the appeal. The case outcome favored maintaining the assessment order's rejection, pronounced on 6th March 2023. en-us Mon, 06 Mar 2023 00:00:00 +0530 Wed, 19 Apr 2023 08:10:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=436707 The appeal, initially time-barred, was admitted for disposal on merits after the assessee provided satisfactory reasons for the delay. The assessment order under section 263 was challenged due to a mismatch in contract receipts/fees, leading to the order being deemed erroneous and prejudicial to revenue. The Pr.CIT set aside the assessment order, directing a fresh assessment. The Tribunal found the assessing officer's failure to investigate discrepancies between tax returns as erroneous, upholding the decision to dismiss the appeal. The case outcome favored maintaining the assessment order's rejection, pronounced on 6th March 2023. Case-Laws Income Tax Mon, 06 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=436707