https://www.taxtmi.com/caselaws?id=441177 The Tribunal upheld the revision of the assessment order by the ld. Pr.CIT under section 263 of the Income-tax Act, 1961. The appeal was dismissed as the AO's failure to consider the sale of scrap in the total revenue was deemed erroneous and prejudicial to the Revenue's interest, justifying the revision. The Tribunal emphasized the importance of accurate assessment orders that do not overlook significant issues highlighted by the revisionary authority. en-us Tue, 01 Aug 2023 00:00:00 +0530 Thu, 03 Aug 2023 07:55:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=441177 The Tribunal upheld the revision of the assessment order by the ld. Pr.CIT under section 263 of the Income-tax Act, 1961. The appeal was dismissed as the AO's failure to consider the sale of scrap in the total revenue was deemed erroneous and prejudicial to the Revenue's interest, justifying the revision. The Tribunal emphasized the importance of accurate assessment orders that do not overlook significant issues highlighted by the revisionary authority. Case-Laws Income Tax Tue, 01 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=441177