https://www.taxtmi.com/caselaws?id=283137 The Tribunal upheld the Principal Commissioner of Income Tax's invocation of Section 263, finding the reassessment order erroneous due to the Assessing Officer's failure to examine seized material. The Tribunal emphasized the necessity of thorough inquiries, including assessing the nexus between cash deposits and cheques issued. Despite the appellant's arguments on procedural fairness and admissibility of evidence, the Tribunal dismissed the appeal, affirming the Pr. CIT's order and highlighting the significance of proper examination of seized material in reassessment proceedings. en-us Mon, 16 Apr 2018 00:00:00 +0530 Mon, 09 Sep 2019 17:25:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=283137 The Tribunal upheld the Principal Commissioner of Income Tax's invocation of Section 263, finding the reassessment order erroneous due to the Assessing Officer's failure to examine seized material. The Tribunal emphasized the necessity of thorough inquiries, including assessing the nexus between cash deposits and cheques issued. Despite the appellant's arguments on procedural fairness and admissibility of evidence, the Tribunal dismissed the appeal, affirming the Pr. CIT's order and highlighting the significance of proper examination of seized material in reassessment proceedings. Case-Laws Income Tax Mon, 16 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=283137