https://www.taxtmi.com/caselaws?id=179468 The Tribunal allowed the assessee's appeal, determining that the appropriate Tribunal fee payable was Rs. 500 under clause (d) of section 253(6) of the Income Tax Act, as the appeal related to an order under section 263 and not directly linked to assessed income. Additionally, the Tribunal annulled the CIT's order under section 263, finding it invalid. The Tribunal concluded that the Assessing Officer (AO) had conducted due inquiries and was satisfied with the explanations provided by the assessee, and the CIT's action was merely a change of opinion, which is not permissible under section 263. en-us Fri, 26 Oct 2007 00:00:00 +0530 Wed, 31 Jan 2024 10:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=179468 The Tribunal allowed the assessee's appeal, determining that the appropriate Tribunal fee payable was Rs. 500 under clause (d) of section 253(6) of the Income Tax Act, as the appeal related to an order under section 263 and not directly linked to assessed income. Additionally, the Tribunal annulled the CIT's order under section 263, finding it invalid. The Tribunal concluded that the Assessing Officer (AO) had conducted due inquiries and was satisfied with the explanations provided by the assessee, and the CIT's action was merely a change of opinion, which is not permissible under section 263. Case-Laws Income Tax Fri, 26 Oct 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179468