https://www.taxtmi.com/caselaws?id=281178 The Tribunal concluded that the CIT's invocation of Section 263 was not justified as the Assessing Officer (AO) had conducted a proper inquiry and made a reasoned decision. The Tribunal quashed the order passed under Section 263, thereby allowing the appeals filed by the assessee for all the assessment years. The Tribunal emphasized that the CIT cannot substitute his judgment for that of the AO unless the AO's view is unsustainable in law. en-us Fri, 31 Oct 2014 00:00:00 +0530 Thu, 06 Jun 2019 21:39:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=281178 The Tribunal concluded that the CIT's invocation of Section 263 was not justified as the Assessing Officer (AO) had conducted a proper inquiry and made a reasoned decision. The Tribunal quashed the order passed under Section 263, thereby allowing the appeals filed by the assessee for all the assessment years. The Tribunal emphasized that the CIT cannot substitute his judgment for that of the AO unless the AO's view is unsustainable in law. Case-Laws Income Tax Fri, 31 Oct 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=281178