https://www.taxtmi.com/caselaws?id=351549 The High Court analyzed an appeal concerning the jurisdiction of the Commissioner under Section 263 of the Income Tax Act. The Court held that the Assessing Officer had conducted a proper inquiry into gifts received by the assessee, with confirmation from donors and proper documentation. The Court found the Commissioner's request for additional inquiries unjustified and set aside the order under Section 263 in favor of the assessee. As a result, the Court did not address the consideration of interest under Section 234 A, 234B, and 234 C, deeming it irrelevant due to the primary issue's resolution. en-us Wed, 22 Nov 2017 00:00:00 +0530 Mon, 27 Aug 2018 14:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=351549 The High Court analyzed an appeal concerning the jurisdiction of the Commissioner under Section 263 of the Income Tax Act. The Court held that the Assessing Officer had conducted a proper inquiry into gifts received by the assessee, with confirmation from donors and proper documentation. The Court found the Commissioner's request for additional inquiries unjustified and set aside the order under Section 263 in favor of the assessee. As a result, the Court did not address the consideration of interest under Section 234 A, 234B, and 234 C, deeming it irrelevant due to the primary issue's resolution. Case-Laws Income Tax Wed, 22 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=351549