https://www.taxtmi.com/caselaws?id=236834 The Tribunal allowed the appeal, quashing the Commissioner of Income Tax's order under section 263. The Tribunal found that the Assessing Officer had conducted proper enquiries and applied his mind during the assessment, rejecting the Commissioner's claims of non-application of mind. The Tribunal emphasized that reliance on audit objections without independent verification was not sufficient to invoke section 263, ultimately ruling in favor of the assessee. en-us Thu, 07 Mar 2013 00:00:00 +0530 Tue, 10 Sep 2013 08:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=236834 The Tribunal allowed the appeal, quashing the Commissioner of Income Tax's order under section 263. The Tribunal found that the Assessing Officer had conducted proper enquiries and applied his mind during the assessment, rejecting the Commissioner's claims of non-application of mind. The Tribunal emphasized that reliance on audit objections without independent verification was not sufficient to invoke section 263, ultimately ruling in favor of the assessee. Case-Laws Income Tax Thu, 07 Mar 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=236834