https://www.taxtmi.com/caselaws?id=341267 The Tribunal upheld the Principal Commissioner of Income-tax's decision to invoke Section 263 of the Income Tax Act, finding the Assessing Officer's lack of proper inquiry into Corporate Social Responsibility (CSR) expenses and interest expenditure claims rendered the assessment order erroneous and prejudicial to the Revenue's interests. The Tribunal dismissed the assessee's appeal, affirming that the AO's failure to adequately investigate the nature and legitimacy of the expenses led to an incorrect assessment. en-us Thu, 23 Mar 2017 00:00:00 +0530 Wed, 05 Apr 2017 07:06:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=341267 The Tribunal upheld the Principal Commissioner of Income-tax's decision to invoke Section 263 of the Income Tax Act, finding the Assessing Officer's lack of proper inquiry into Corporate Social Responsibility (CSR) expenses and interest expenditure claims rendered the assessment order erroneous and prejudicial to the Revenue's interests. The Tribunal dismissed the assessee's appeal, affirming that the AO's failure to adequately investigate the nature and legitimacy of the expenses led to an incorrect assessment. Case-Laws Income Tax Thu, 23 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=341267