https://www.taxtmi.com/caselaws?id=366074 The tribunal upheld the Principal Commissioner of Income Tax's order under Section 263, directing the Assessing Officer to re-examine the "Suspense Account" and conduct necessary verifications. The appeals filed by the assessee for all assessment years were dismissed, affirming the Principal Commissioner's jurisdiction and the erroneous nature of the original assessment orders. The tribunal emphasized the Assessing Officer's duty to conduct thorough enquiries and verifications to ensure accurate assessments. en-us Thu, 23 Aug 2018 00:00:00 +0530 Wed, 29 Aug 2018 06:46:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=366074 The tribunal upheld the Principal Commissioner of Income Tax's order under Section 263, directing the Assessing Officer to re-examine the "Suspense Account" and conduct necessary verifications. The appeals filed by the assessee for all assessment years were dismissed, affirming the Principal Commissioner's jurisdiction and the erroneous nature of the original assessment orders. The tribunal emphasized the Assessing Officer's duty to conduct thorough enquiries and verifications to ensure accurate assessments. Case-Laws Income Tax Thu, 23 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=366074