https://www.taxtmi.com/caselaws?id=339584 The High Court upheld the decision of the Income Tax Appellate Tribunal (ITAT) to set aside the order passed by the Commissioner of Income Tax (CIT) under Section 263 of the Income Tax Act. The court found that the ITAT's judgment was justified in quashing the CIT's order, based on a thorough analysis of the case facts and legal provisions. Consequently, the court dismissed the appeal, affirming the ITAT's decision and emphasizing the correctness of setting aside the CIT's order under Section 263 of the Act. en-us Thu, 16 Feb 2017 00:00:00 +0530 Wed, 01 Mar 2017 19:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=339584 The High Court upheld the decision of the Income Tax Appellate Tribunal (ITAT) to set aside the order passed by the Commissioner of Income Tax (CIT) under Section 263 of the Income Tax Act. The court found that the ITAT's judgment was justified in quashing the CIT's order, based on a thorough analysis of the case facts and legal provisions. Consequently, the court dismissed the appeal, affirming the ITAT's decision and emphasizing the correctness of setting aside the CIT's order under Section 263 of the Act. Case-Laws Income Tax Thu, 16 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=339584