https://www.taxtmi.com/caselaws?id=436777 The Tribunal allowed the appeal of the assessee, setting aside the Principal Commissioner of Income Tax's order under Section 263. The Tribunal found the Assessing Officer's actions to be legally sustainable and compliant with the law regarding deductions under Sections 54B and 54F of the Income Tax Act. The Tribunal concluded that the original assessment order was not erroneous or prejudicial to the revenue, leading to the appeal being allowed on 17/04/2023. en-us Mon, 17 Apr 2023 00:00:00 +0530 Wed, 19 Apr 2023 14:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=436777 The Tribunal allowed the appeal of the assessee, setting aside the Principal Commissioner of Income Tax's order under Section 263. The Tribunal found the Assessing Officer's actions to be legally sustainable and compliant with the law regarding deductions under Sections 54B and 54F of the Income Tax Act. The Tribunal concluded that the original assessment order was not erroneous or prejudicial to the revenue, leading to the appeal being allowed on 17/04/2023. Case-Laws Income Tax Mon, 17 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=436777