https://www.taxtmi.com/caselaws?id=252483 The Tribunal held that the CIT was not justified in invoking Section 263 for AY 2006-07 and AY 2008-09. The AO's inquiries were proper, and the Assessee's claims were supported by satisfactory responses. The orders were deemed not erroneous or prejudicial to Revenue. Consequently, the Tribunal set aside the CIT's orders and allowed the Assessee's appeals for both years. en-us Fri, 17 Oct 2014 00:00:00 +0530 Tue, 21 Mar 2017 11:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=252483 The Tribunal held that the CIT was not justified in invoking Section 263 for AY 2006-07 and AY 2008-09. The AO's inquiries were proper, and the Assessee's claims were supported by satisfactory responses. The orders were deemed not erroneous or prejudicial to Revenue. Consequently, the Tribunal set aside the CIT's orders and allowed the Assessee's appeals for both years. Case-Laws Income Tax Fri, 17 Oct 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=252483