https://www.taxtmi.com/caselaws?id=369865 The High Court ruled in favor of the assessee, holding that the Principal Commissioner of Income Tax (PCIT) erred in setting aside the assessment order framed under Section 143(3) of the Income-tax Act, 1961 for A.Y 2011-12 without sufficient grounds. The Court emphasized that the PCIT's jurisdiction under Section 263 should be based on a valid error in the Assessing Officer's order, which was not found in this case. Consequently, the PCIT's order was quashed, and the assessment order under Section 143(3) was restored. The assessee's appeal was allowed, with the decision issued on 31.10.2018. en-us Wed, 31 Oct 2018 00:00:00 +0530 Sat, 03 Nov 2018 13:36:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=369865 The High Court ruled in favor of the assessee, holding that the Principal Commissioner of Income Tax (PCIT) erred in setting aside the assessment order framed under Section 143(3) of the Income-tax Act, 1961 for A.Y 2011-12 without sufficient grounds. The Court emphasized that the PCIT's jurisdiction under Section 263 should be based on a valid error in the Assessing Officer's order, which was not found in this case. Consequently, the PCIT's order was quashed, and the assessment order under Section 143(3) was restored. The assessee's appeal was allowed, with the decision issued on 31.10.2018. Case-Laws Income Tax Wed, 31 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=369865