https://www.taxtmi.com/caselaws?id=255809 The Tribunal set aside the order passed under section 263 by the CIT and restored the original assessment order. The Tribunal found that the AO had properly examined the transaction and applied his mind during the original assessment, and that the CIT's reliance on subsequent findings for a different assessment year was not justified. The assessee's appeal was allowed, and the order of the CIT was declared invalid. en-us Fri, 16 Jan 2015 00:00:00 +0530 Wed, 28 Jan 2015 06:32:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=255809 The Tribunal set aside the order passed under section 263 by the CIT and restored the original assessment order. The Tribunal found that the AO had properly examined the transaction and applied his mind during the original assessment, and that the CIT's reliance on subsequent findings for a different assessment year was not justified. The assessee's appeal was allowed, and the order of the CIT was declared invalid. Case-Laws Income Tax Fri, 16 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=255809