https://www.taxtmi.com/caselaws?id=274767 The Tribunal upheld the Principal Commissioner of Income Tax's order under Section 263, determining that the Assessing Officer had failed to adequately verify or inquire into seized material indicating accommodation entries. Consequently, the reassessment order was annulled, with directions for the AO to scrutinize the seized material and confront the assessee as necessary. As a result, the assessee's appeal was rejected. en-us Mon, 08 Jan 2018 00:00:00 +0530 Sat, 01 Sep 2018 05:55:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=274767 The Tribunal upheld the Principal Commissioner of Income Tax's order under Section 263, determining that the Assessing Officer had failed to adequately verify or inquire into seized material indicating accommodation entries. Consequently, the reassessment order was annulled, with directions for the AO to scrutinize the seized material and confront the assessee as necessary. As a result, the assessee's appeal was rejected. Case-Laws Income Tax Mon, 08 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=274767