https://www.taxtmi.com/caselaws?id=253205 The Tribunal set aside the Commissioner of Income-tax's order invoking Section 263, finding that the Assessing Officer had conducted a thorough enquiry and made a reasoned assessment. The Commissioner's allegations of inadequate enquiry, non-deduction of TDS, failure to verify debtors and agricultural income, improper clubbing of contracts, and use of hypothetical profits were deemed unfounded. The Tribunal upheld the original assessment, ruling in favor of the assessee. en-us Fri, 14 Nov 2014 00:00:00 +0530 Tue, 18 Nov 2014 19:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=253205 The Tribunal set aside the Commissioner of Income-tax's order invoking Section 263, finding that the Assessing Officer had conducted a thorough enquiry and made a reasoned assessment. The Commissioner's allegations of inadequate enquiry, non-deduction of TDS, failure to verify debtors and agricultural income, improper clubbing of contracts, and use of hypothetical profits were deemed unfounded. The Tribunal upheld the original assessment, ruling in favor of the assessee. Case-Laws Income Tax Fri, 14 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=253205