https://www.taxtmi.com/caselaws?id=55523 The Tribunal upheld the CIT's decision under section 263, emphasizing the cessation of liability and the erroneous nature of the original assessment. The judgment highlighted the importance of assessing income correctly and ensuring compliance with the provisions of the Income Tax Act, 1961. en-us Wed, 30 Nov 1994 00:00:00 +0530 Sat, 27 Nov 2010 15:02:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55523 The Tribunal upheld the CIT's decision under section 263, emphasizing the cessation of liability and the erroneous nature of the original assessment. The judgment highlighted the importance of assessing income correctly and ensuring compliance with the provisions of the Income Tax Act, 1961. Case-Laws Income Tax Wed, 30 Nov 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55523