https://www.taxtmi.com/caselaws?id=763675 The Tribunal quashed the revision order passed by the Pr. CIT under section 263 of the Income-tax Act for AY 2013-14. The Tribunal found that the approval obtained from the Additional CIT before framing the assessment order under section 153C was neither erroneous nor prejudicial to the revenue. The Tribunal emphasized that without finding the approval to be erroneous and prejudicial, the assessment order could not be deemed so. Consequently, the appeal was allowed in favor of the assessee, following the precedent and legal principles discussed. en-us Mon, 25 Nov 2024 00:00:00 +0530 Tue, 24 Dec 2024 11:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=763675 The Tribunal quashed the revision order passed by the Pr. CIT under section 263 of the Income-tax Act for AY 2013-14. The Tribunal found that the approval obtained from the Additional CIT before framing the assessment order under section 153C was neither erroneous nor prejudicial to the revenue. The Tribunal emphasized that without finding the approval to be erroneous and prejudicial, the assessment order could not be deemed so. Consequently, the appeal was allowed in favor of the assessee, following the precedent and legal principles discussed. Case-Laws Income Tax Mon, 25 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=763675