https://www.taxtmi.com/caselaws?id=348265 The Tribunal allowed the assessee's appeals, setting aside the revision orders passed by the Principal Commissioner of Income Tax. The Tribunal held that the Assessing Officer had conducted necessary inquiries, taken a possible view, and the revision orders were not justified. The Tribunal emphasized the importance of taxing real income and the necessity of finality in legal proceedings. en-us Fri, 01 Sep 2017 00:00:00 +0530 Tue, 19 Sep 2017 10:22:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=348265 The Tribunal allowed the assessee's appeals, setting aside the revision orders passed by the Principal Commissioner of Income Tax. The Tribunal held that the Assessing Officer had conducted necessary inquiries, taken a possible view, and the revision orders were not justified. The Tribunal emphasized the importance of taxing real income and the necessity of finality in legal proceedings. Case-Laws Income Tax Fri, 01 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=348265