https://www.taxtmi.com/caselaws?id=440329 The Principal Commissioner of Income Tax found the assessment order to be erroneous and prejudicial to revenue due to lack of proper verification. The PCIT invoked Section 263, setting aside the order and directing a fresh assessment. The appeal was dismissed, upholding the PCIT's revision order for de novo proceedings. en-us Fri, 02 Dec 2022 00:00:00 +0530 Sat, 15 Jul 2023 08:02:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=440329 The Principal Commissioner of Income Tax found the assessment order to be erroneous and prejudicial to revenue due to lack of proper verification. The PCIT invoked Section 263, setting aside the order and directing a fresh assessment. The appeal was dismissed, upholding the PCIT's revision order for de novo proceedings. Case-Laws Income Tax Fri, 02 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=440329