https://www.taxtmi.com/caselaws?id=385229 The High Court upheld the ITAT's decision to set aside the CIT's order under Section 263 of the Income Tax Act. The Court found that the CIT's remand order lacked concrete evidence and was based on suspicion. It was determined that the A.O. had conducted a thorough inquiry before passing the assessment order, and the ITAT correctly interpreted the provisions of Section 263. The appeal by the revenue was dismissed, ruling in favor of the assessee. en-us Tue, 20 Aug 2019 00:00:00 +0530 Tue, 03 Dec 2019 15:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=385229 The High Court upheld the ITAT's decision to set aside the CIT's order under Section 263 of the Income Tax Act. The Court found that the CIT's remand order lacked concrete evidence and was based on suspicion. It was determined that the A.O. had conducted a thorough inquiry before passing the assessment order, and the ITAT correctly interpreted the provisions of Section 263. The appeal by the revenue was dismissed, ruling in favor of the assessee. Case-Laws Income Tax Tue, 20 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=385229