https://www.taxtmi.com/caselaws?id=377841 The ITAT upheld the Principal Commissioner of Income Tax's order, determining the Assessing Officer's assessment as erroneous and prejudicial to revenue due to insufficient inquiries and verifications. The appeal and stay application by the assessee were dismissed, confirming the Pr. CIT's jurisdiction and the procedural validity of invoking section 263 in the case. en-us Tue, 02 Apr 2019 00:00:00 +0530 Wed, 03 Apr 2019 15:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=377841 The ITAT upheld the Principal Commissioner of Income Tax's order, determining the Assessing Officer's assessment as erroneous and prejudicial to revenue due to insufficient inquiries and verifications. The appeal and stay application by the assessee were dismissed, confirming the Pr. CIT's jurisdiction and the procedural validity of invoking section 263 in the case. Case-Laws Income Tax Tue, 02 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=377841