https://www.taxtmi.com/caselaws?id=348207 The tribunal allowed the appeal of the assessee and quashed the order passed under Section 263 of the Income Tax Act by the Principal Commissioner. The tribunal emphasized that the Commissioner should have verified the details on merit and considered the conclusive findings from the previous assessment year, thus avoiding unnecessary reassessment exercises. The appeal was pronounced in court on 14th September 2017 at Ahmedabad. en-us Thu, 14 Sep 2017 00:00:00 +0530 Mon, 18 Sep 2017 06:14:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=348207 The tribunal allowed the appeal of the assessee and quashed the order passed under Section 263 of the Income Tax Act by the Principal Commissioner. The tribunal emphasized that the Commissioner should have verified the details on merit and considered the conclusive findings from the previous assessment year, thus avoiding unnecessary reassessment exercises. The appeal was pronounced in court on 14th September 2017 at Ahmedabad. Case-Laws Income Tax Thu, 14 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=348207