https://www.taxtmi.com/caselaws?id=57587 The Tribunal held that the Commissioner's order under section 263 was unsustainable as it relied on materials not considered by the ITO during the original assessment. It was determined that the ITO's assessment orders were not erroneous or prejudicial to revenue interests. Insufficient evidence was found to support the Commissioner's conclusion of income diversion to a family trust. The Tribunal allowed the assessee's appeals and annulled the Commissioner's order under section 263. en-us Thu, 07 May 1981 00:00:00 +0530 Fri, 10 Dec 2010 19:00:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57587 The Tribunal held that the Commissioner's order under section 263 was unsustainable as it relied on materials not considered by the ITO during the original assessment. It was determined that the ITO's assessment orders were not erroneous or prejudicial to revenue interests. Insufficient evidence was found to support the Commissioner's conclusion of income diversion to a family trust. The Tribunal allowed the assessee's appeals and annulled the Commissioner's order under section 263. Case-Laws Income Tax Thu, 07 May 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57587