https://www.taxtmi.com/caselaws?id=378514 The Tribunal set aside the order passed by the Principal Commissioner of Income Tax under section 263, ruling that the original assessment order was not erroneous or prejudicial to the revenue's interest. The Tribunal found that the Assessing Officer had conducted adequate enquiries, and the Principal Commissioner failed to justify invoking section 263. The appeal was allowed in favor of the assessee, with the Tribunal emphasizing the sufficiency of the AO's investigations. en-us Fri, 08 Feb 2019 00:00:00 +0530 Wed, 17 Apr 2019 16:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=378514 The Tribunal set aside the order passed by the Principal Commissioner of Income Tax under section 263, ruling that the original assessment order was not erroneous or prejudicial to the revenue's interest. The Tribunal found that the Assessing Officer had conducted adequate enquiries, and the Principal Commissioner failed to justify invoking section 263. The appeal was allowed in favor of the assessee, with the Tribunal emphasizing the sufficiency of the AO's investigations. Case-Laws Income Tax Fri, 08 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=378514