https://www.taxtmi.com/caselaws?id=329076 The tribunal allowed the appeal of the assessee, holding that the jurisdiction assumed by the Commissioner of Income-tax (CIT) under section 263 was not in accordance with the law. It was found that the Assessing Officer (AO) had properly examined the evidences and the order was consistent with previous decisions of the Income Tax Appellate Tribunal (ITAT). Consequently, the CIT's order under section 263 was quashed, and the AO's assessment order for the relevant year was upheld. en-us Mon, 18 Apr 2016 00:00:00 +0530 Wed, 22 Jun 2016 09:07:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=329076 The tribunal allowed the appeal of the assessee, holding that the jurisdiction assumed by the Commissioner of Income-tax (CIT) under section 263 was not in accordance with the law. It was found that the Assessing Officer (AO) had properly examined the evidences and the order was consistent with previous decisions of the Income Tax Appellate Tribunal (ITAT). Consequently, the CIT's order under section 263 was quashed, and the AO's assessment order for the relevant year was upheld. Case-Laws Income Tax Mon, 18 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=329076