https://www.taxtmi.com/caselaws?id=281732 The Tribunal upheld the Principal Commissioner of Income Tax's order setting aside the assessment order due to the Assessing Officer's failure to conduct proper enquiries regarding the genuineness, identity, and creditworthiness of investors. The Tribunal found the assessment order erroneous and prejudicial to revenue, as the AO accepted claims without adequate verification, leading to dismissal of the assessee's appeal. en-us Fri, 09 Mar 2018 00:00:00 +0530 Thu, 04 Jul 2019 10:02:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=281732 The Tribunal upheld the Principal Commissioner of Income Tax's order setting aside the assessment order due to the Assessing Officer's failure to conduct proper enquiries regarding the genuineness, identity, and creditworthiness of investors. The Tribunal found the assessment order erroneous and prejudicial to revenue, as the AO accepted claims without adequate verification, leading to dismissal of the assessee's appeal. Case-Laws Income Tax Fri, 09 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=281732