https://www.taxtmi.com/caselaws?id=395156 The Tribunal held that the assessment order was not erroneous or prejudicial to the interest of revenue. It found that the AO had conducted adequate enquiries and the assessee had provided explanations and evidence for transactions and fund sources. The Tribunal concluded that the PCIT's direction for further investigation was based on suspicion without concrete evidence, setting aside the PCIT's order and allowing the assessee's appeal. en-us Wed, 06 May 2020 00:00:00 +0530 Fri, 08 May 2020 11:36:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=395156 The Tribunal held that the assessment order was not erroneous or prejudicial to the interest of revenue. It found that the AO had conducted adequate enquiries and the assessee had provided explanations and evidence for transactions and fund sources. The Tribunal concluded that the PCIT's direction for further investigation was based on suspicion without concrete evidence, setting aside the PCIT's order and allowing the assessee's appeal. Case-Laws Income Tax Wed, 06 May 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=395156