https://www.taxtmi.com/caselaws?id=355555 The Tribunal dismissed the Miscellaneous Application filed by the assessee, upholding the Principal Commissioner of Income Tax's invocation of Section 263 and the validity of the reassessment order. The Tribunal emphasized the importance of proper enquiry and verification by the Assessing Officer and highlighted the insufficiency of self-declaration documents to establish residential status under the Income-tax Act, 1961. Additionally, the Tribunal clarified the limited scope of Section 254(2) for rectifying mistakes apparent from the record. en-us Mon, 12 Feb 2018 00:00:00 +0530 Thu, 15 Feb 2018 11:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=355555 The Tribunal dismissed the Miscellaneous Application filed by the assessee, upholding the Principal Commissioner of Income Tax's invocation of Section 263 and the validity of the reassessment order. The Tribunal emphasized the importance of proper enquiry and verification by the Assessing Officer and highlighted the insufficiency of self-declaration documents to establish residential status under the Income-tax Act, 1961. Additionally, the Tribunal clarified the limited scope of Section 254(2) for rectifying mistakes apparent from the record. Case-Laws Income Tax Mon, 12 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=355555