https://www.taxtmi.com/caselaws?id=335411 The Tribunal held that the Assessing Officer (AO) had conducted adequate inquiries and properly allowed the claim under Section 36(1)(viia). The Tribunal found that the Commissioner of Income Tax (CIT) could not direct a re-examination of the claim merely based on a different opinion. As the AO had already scrutinized the details provided by the assessee, the CIT's direction under Section 263 was deemed unjustified. The Tribunal set aside the CIT's order, ruling that the original assessment was not erroneous or prejudicial to revenue, and allowed the assessee's appeal. en-us Fri, 25 Nov 2016 00:00:00 +0530 Mon, 06 Feb 2017 14:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=335411 The Tribunal held that the Assessing Officer (AO) had conducted adequate inquiries and properly allowed the claim under Section 36(1)(viia). The Tribunal found that the Commissioner of Income Tax (CIT) could not direct a re-examination of the claim merely based on a different opinion. As the AO had already scrutinized the details provided by the assessee, the CIT's direction under Section 263 was deemed unjustified. The Tribunal set aside the CIT's order, ruling that the original assessment was not erroneous or prejudicial to revenue, and allowed the assessee's appeal. Case-Laws Income Tax Fri, 25 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=335411