https://www.taxtmi.com/caselaws?id=351777 The Tribunal quashed the orders passed under Section 263 for both assessment years, holding that the Principal CIT was not correct in law in exercising jurisdiction under Section 263. The appeals filed by the assessee were allowed. The Tribunal emphasized that the AO had made adequate inquiries, and the Principal CIT's direction for a fresh assessment was not justified. en-us Mon, 27 Nov 2017 00:00:00 +0530 Fri, 01 Dec 2017 08:30:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=351777 The Tribunal quashed the orders passed under Section 263 for both assessment years, holding that the Principal CIT was not correct in law in exercising jurisdiction under Section 263. The appeals filed by the assessee were allowed. The Tribunal emphasized that the AO had made adequate inquiries, and the Principal CIT's direction for a fresh assessment was not justified. Case-Laws Income Tax Mon, 27 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=351777