https://www.taxtmi.com/caselaws?id=367132 The tribunal quashed the order of the Pr.CIT, holding that the invocation of jurisdiction u/s 263 was not justified. The AO had made adequate inquiries and took a conscious decision regarding TDS compliance, and the assessment order was not erroneous or prejudicial to the interest of revenue. The tribunal restored the quantum assessment order of the AO, citing the decision of the Hon'ble Bombay High Court in a similar case. The appeal was allowed, and the order was pronounced in the open court on 12th September 2018. en-us Wed, 12 Sep 2018 00:00:00 +0530 Sat, 15 Sep 2018 07:40:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=367132 The tribunal quashed the order of the Pr.CIT, holding that the invocation of jurisdiction u/s 263 was not justified. The AO had made adequate inquiries and took a conscious decision regarding TDS compliance, and the assessment order was not erroneous or prejudicial to the interest of revenue. The tribunal restored the quantum assessment order of the AO, citing the decision of the Hon'ble Bombay High Court in a similar case. The appeal was allowed, and the order was pronounced in the open court on 12th September 2018. Case-Laws Income Tax Wed, 12 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=367132