https://www.taxtmi.com/caselaws?id=242094 The Tribunal concluded that the Assessing Officer (AO) had conducted specific and adequate enquiries, considering the submissions and supporting documents provided by the assessee. The Tribunal held that the Commissioner of Income Tax's (CIT) order under Section 263 was not justified, as the AO had applied his mind before accepting the assessee's explanations. Therefore, the Tribunal set aside the CIT's order and restored the original assessment order by the AO for the assessment years in question, ultimately allowing the appeals of both assessees. en-us Thu, 31 Oct 2013 00:00:00 +0530 Tue, 07 Jan 2014 15:24:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=242094 The Tribunal concluded that the Assessing Officer (AO) had conducted specific and adequate enquiries, considering the submissions and supporting documents provided by the assessee. The Tribunal held that the Commissioner of Income Tax's (CIT) order under Section 263 was not justified, as the AO had applied his mind before accepting the assessee's explanations. Therefore, the Tribunal set aside the CIT's order and restored the original assessment order by the AO for the assessment years in question, ultimately allowing the appeals of both assessees. Case-Laws Income Tax Thu, 31 Oct 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=242094