https://www.taxtmi.com/caselaws?id=373176 The Tribunal quashed the revisionary orders of the Pr. CIT and allowed the appeals of the assessee. The Tribunal held that the AO had conducted a proper verification process and taken a possible view under the law. The Tribunal also noted that the Pr. CIT did not have jurisdiction to exercise powers u/s 263 when the matter was pending before the CIT(A). The Tribunal's decision was based on a thorough examination of the facts, evidences, and relevant legal precedents. en-us Wed, 28 Nov 2018 00:00:00 +0530 Tue, 08 Jan 2019 07:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=373176 The Tribunal quashed the revisionary orders of the Pr. CIT and allowed the appeals of the assessee. The Tribunal held that the AO had conducted a proper verification process and taken a possible view under the law. The Tribunal also noted that the Pr. CIT did not have jurisdiction to exercise powers u/s 263 when the matter was pending before the CIT(A). The Tribunal's decision was based on a thorough examination of the facts, evidences, and relevant legal precedents. Case-Laws Income Tax Wed, 28 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=373176