https://www.taxtmi.com/caselaws?id=326136 The Tribunal allowed the appeal of the appellant society, quashing the notice and order under Section 263 of the Income Tax Act. It held that the Assessing Officer conducted sufficient inquiries, and the Commissioner of Income Tax (Exemptions) acted without conclusive findings, justifying the AO's conclusions. The Tribunal found the AO's actions in accordance with the law, emphasizing the lack of valid basis for invoking Section 263. The appellant's appeal was successful, and the impugned notice and order were set aside. en-us Wed, 02 Mar 2016 00:00:00 +0530 Mon, 04 Apr 2016 11:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=326136 The Tribunal allowed the appeal of the appellant society, quashing the notice and order under Section 263 of the Income Tax Act. It held that the Assessing Officer conducted sufficient inquiries, and the Commissioner of Income Tax (Exemptions) acted without conclusive findings, justifying the AO's conclusions. The Tribunal found the AO's actions in accordance with the law, emphasizing the lack of valid basis for invoking Section 263. The appellant's appeal was successful, and the impugned notice and order were set aside. Case-Laws Income Tax Wed, 02 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=326136