https://www.taxtmi.com/caselaws?id=393403 The Tribunal found in favor of the assessee, holding that the Principal Commissioner's order under section 263 was incorrect. The assessment order passed by the Assessing Officer under section 143(3) read with section 147 was upheld, concluding that the AO had conducted adequate inquiries into the unexplained investments and deposits, and the Pr. CIT's direction for further investigation was unwarranted. The appeal of the assessee was allowed. en-us Thu, 12 Mar 2020 00:00:00 +0530 Sat, 14 Mar 2020 13:20:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=393403 The Tribunal found in favor of the assessee, holding that the Principal Commissioner's order under section 263 was incorrect. The assessment order passed by the Assessing Officer under section 143(3) read with section 147 was upheld, concluding that the AO had conducted adequate inquiries into the unexplained investments and deposits, and the Pr. CIT's direction for further investigation was unwarranted. The appeal of the assessee was allowed. Case-Laws Income Tax Thu, 12 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=393403