https://www.taxtmi.com/caselaws?id=257113 The tribunal allowed the assessee's appeal against the CIT's order under section 263 for the assessment year 2009-10. The tribunal found that the AO had properly examined the transactions during scrutiny assessment, issuing relevant notices and considering the information provided. Notarized sale agreements for agricultural land were accepted, and the tribunal emphasized the importance of the AO's assessment process. Citing relevant precedents, the tribunal concluded that the AO had applied his mind and made a reasoned decision, leading to the allowance of the assessee's appeal. en-us Wed, 24 Dec 2014 00:00:00 +0530 Tue, 03 Mar 2015 07:51:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=257113 The tribunal allowed the assessee's appeal against the CIT's order under section 263 for the assessment year 2009-10. The tribunal found that the AO had properly examined the transactions during scrutiny assessment, issuing relevant notices and considering the information provided. Notarized sale agreements for agricultural land were accepted, and the tribunal emphasized the importance of the AO's assessment process. Citing relevant precedents, the tribunal concluded that the AO had applied his mind and made a reasoned decision, leading to the allowance of the assessee's appeal. Case-Laws Income Tax Wed, 24 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=257113