https://www.taxtmi.com/caselaws?id=388023 The Tribunal set aside the Principal Commissioner of Income Tax's order under Section 263, restoring the assessment order of the Assessing Officer. The appeal of the assessee was allowed, as the Tribunal found that the PCIT wrongly assumed jurisdiction under Section 263. It was concluded that the AO had conducted thorough enquiries and applied his mind during the assessment proceedings, indicating that the assessment order was not erroneous or prejudicial to the interest of the Revenue. en-us Thu, 31 Oct 2019 00:00:00 +0530 Wed, 06 Nov 2019 12:21:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=388023 The Tribunal set aside the Principal Commissioner of Income Tax's order under Section 263, restoring the assessment order of the Assessing Officer. The appeal of the assessee was allowed, as the Tribunal found that the PCIT wrongly assumed jurisdiction under Section 263. It was concluded that the AO had conducted thorough enquiries and applied his mind during the assessment proceedings, indicating that the assessment order was not erroneous or prejudicial to the interest of the Revenue. Case-Laws Income Tax Thu, 31 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=388023