https://www.taxtmi.com/caselaws?id=440397 The appeal challenging the order of the Principal Commissioner of Income Tax under section 263 for the Assessment Year 2014-15 was dismissed. The Tribunal condoned the delay in filing the appeal and upheld the order of the Principal Commissioner, finding the assessment order prejudicial to the interest of the Revenue. The Tribunal supported the decision to invoke section 263 due to errors in the assessment order, particularly related to investment scrutiny and specified issues in the assessment process. en-us Tue, 30 May 2023 00:00:00 +0530 Tue, 18 Jul 2023 08:12:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=440397 The appeal challenging the order of the Principal Commissioner of Income Tax under section 263 for the Assessment Year 2014-15 was dismissed. The Tribunal condoned the delay in filing the appeal and upheld the order of the Principal Commissioner, finding the assessment order prejudicial to the interest of the Revenue. The Tribunal supported the decision to invoke section 263 due to errors in the assessment order, particularly related to investment scrutiny and specified issues in the assessment process. Case-Laws Income Tax Tue, 30 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=440397