https://www.taxtmi.com/caselaws?id=398645 The Tribunal found that the order passed by the Principal Commissioner of Income Tax (Pr.CIT) under section 263 was not valid as the Assessing Officer (AO) had conducted proper inquiries and verifications. The Tribunal held that the AO's order was not erroneous or prejudicial to the interest of Revenue. Consequently, the Tribunal quashed the Pr.CIT's order under section 263 and partly allowed the appeal filed by the assessee. en-us Thu, 17 Sep 2020 00:00:00 +0530 Sat, 19 Sep 2020 22:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398645 The Tribunal found that the order passed by the Principal Commissioner of Income Tax (Pr.CIT) under section 263 was not valid as the Assessing Officer (AO) had conducted proper inquiries and verifications. The Tribunal held that the AO's order was not erroneous or prejudicial to the interest of Revenue. Consequently, the Tribunal quashed the Pr.CIT's order under section 263 and partly allowed the appeal filed by the assessee. Case-Laws Income Tax Thu, 17 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398645