https://www.taxtmi.com/caselaws?id=272245 The Tribunal held that the Commissioner of Income-Tax (CIT) erred in invoking Section 263 of the Income Tax Act, 1961, as the Assessing Officer (AO) had conducted adequate inquiries and reached a plausible conclusion. The Tribunal allowed the assessee's appeal, quashing the CIT's order and upholding the original assessment order dated 20.12.2010. en-us Tue, 08 Dec 2015 00:00:00 +0530 Wed, 02 Mar 2016 08:43:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=272245 The Tribunal held that the Commissioner of Income-Tax (CIT) erred in invoking Section 263 of the Income Tax Act, 1961, as the Assessing Officer (AO) had conducted adequate inquiries and reached a plausible conclusion. The Tribunal allowed the assessee's appeal, quashing the CIT's order and upholding the original assessment order dated 20.12.2010. Case-Laws Income Tax Tue, 08 Dec 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=272245