https://www.taxtmi.com/caselaws?id=387443 The High Court upheld the Tribunal's decision, emphasizing the importance of the Assessing Officer's examination and application of mind in accepting claims to avoid erroneous section 263 proceedings. The Court dismissed the appeal, stating that the Assessing Officer had conducted a thorough examination before accepting the operating loss claim, rendering the Commissioner's order erroneous. en-us Tue, 15 Oct 2019 00:00:00 +0530 Wed, 23 Oct 2019 14:58:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=387443 The High Court upheld the Tribunal's decision, emphasizing the importance of the Assessing Officer's examination and application of mind in accepting claims to avoid erroneous section 263 proceedings. The Court dismissed the appeal, stating that the Assessing Officer had conducted a thorough examination before accepting the operating loss claim, rendering the Commissioner's order erroneous. Case-Laws Income Tax Tue, 15 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=387443