https://www.taxtmi.com/caselaws?id=444038 The Tribunal quashed the revisionary order passed by the Principal Commissioner of Income Tax under section 263, as the original assessment order was found to be neither erroneous nor prejudicial to the interest of revenue. The Tribunal held that the Assessing Officer had conducted adequate inquiries and verified the details during the assessment proceedings, concluding that the order was not erroneous. Consequently, the appeal by the assessee was allowed, and the assessment order dated 25.12.2019 was upheld. en-us Tue, 26 Sep 2023 00:00:00 +0530 Sat, 07 Oct 2023 08:31:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=444038 The Tribunal quashed the revisionary order passed by the Principal Commissioner of Income Tax under section 263, as the original assessment order was found to be neither erroneous nor prejudicial to the interest of revenue. The Tribunal held that the Assessing Officer had conducted adequate inquiries and verified the details during the assessment proceedings, concluding that the order was not erroneous. Consequently, the appeal by the assessee was allowed, and the assessment order dated 25.12.2019 was upheld. Case-Laws Income Tax Tue, 26 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=444038