Orissa HC Upholds ITAT Decision, Dismisses Revenue's Appeal Over Lack of Enquiry in 2009-10 Tax Assessment.

The HC of Orissa dismissed the Revenue's appeal, upholding the ITAT's decision favoring the Assessee for the assessment year 2009-10. The ITAT had nullified the Principal CIT's order under Section 263 of the Income Tax Act due to a lack of enquiry. The HC deemed the Tribunal's decision legally sound, affirming the dismissal.

---

---

The High Court of Orissa dismissed the Revenue's appeal against the Income Tax Appellate Tribunal's decision to allow the Assessee's appeal for the assessment year 2009-10. The Tribunal set aside the Principal CIT's order under Section 263 of the Income Tax Act, noting the absence of enquiry before directing a fresh assessment. The High Court found the Tribunal's decision plausible and not erroneous in law, leading to the dismissal of the appeal.

---