https://www.taxtmi.com/caselaws?id=205149 The Tribunal concluded that the CIT was not justified in initiating proceedings under section 263 and setting aside the AO's order. The Tribunal restored the original order of the AO, finding that the AO had made necessary enquiries and the CIT did not provide specific reasons for rejecting the explanations provided by the assessee. The appeal of the assessee was allowed. en-us Fri, 09 Jul 2010 00:00:00 +0530 Fri, 10 Apr 2026 18:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=205149 The Tribunal concluded that the CIT was not justified in initiating proceedings under section 263 and setting aside the AO's order. The Tribunal restored the original order of the AO, finding that the AO had made necessary enquiries and the CIT did not provide specific reasons for rejecting the explanations provided by the assessee. The appeal of the assessee was allowed. Case-Laws Income Tax Fri, 09 Jul 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=205149