https://www.taxtmi.com/caselaws?id=761876 The Tribunal allowed the appeal filed by the assessee, condoning the 434-day delay due to the Chartered Accountant's misplacement of documents. The Tribunal determined that the assessment by the AO was neither erroneous nor prejudicial to the interest of Revenue, as the disputed expenses were capitalized and no deduction was claimed. Consequently, the Tribunal quashed the order of the PCIT and ruled in favor of the assessee. en-us Mon, 21 Oct 2024 00:00:00 +0530 Tue, 19 Nov 2024 08:40:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=761876 The Tribunal allowed the appeal filed by the assessee, condoning the 434-day delay due to the Chartered Accountant's misplacement of documents. The Tribunal determined that the assessment by the AO was neither erroneous nor prejudicial to the interest of Revenue, as the disputed expenses were capitalized and no deduction was claimed. Consequently, the Tribunal quashed the order of the PCIT and ruled in favor of the assessee. Case-Laws Income Tax Mon, 21 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=761876