https://www.taxtmi.com/caselaws?id=346260 The Tribunal held that the Principal Commissioner of Income-tax (PCIT) erred in canceling the assessment order under section 263. It found that the Assessing Officer (AO) had conducted adequate enquiries, and the order was not erroneous or prejudicial to Revenue. The Tribunal ruled in favor of the appellant, quashing the PCIT's order under section 263 and allowing the appeal. en-us Wed, 12 Apr 2017 00:00:00 +0530 Tue, 08 Aug 2017 07:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=346260 The Tribunal held that the Principal Commissioner of Income-tax (PCIT) erred in canceling the assessment order under section 263. It found that the Assessing Officer (AO) had conducted adequate enquiries, and the order was not erroneous or prejudicial to Revenue. The Tribunal ruled in favor of the appellant, quashing the PCIT's order under section 263 and allowing the appeal. Case-Laws Income Tax Wed, 12 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=346260