https://www.taxtmi.com/caselaws?id=402268 The Tribunal set aside the Principal Commissioner of Income Tax's order invoking Section 263 and restored the assessment order passed by the Assessing Officer. The Tribunal found that the Assessing Officer had conducted inquiries and collected evidence, determining that the Principal Commissioner's dissatisfaction with the inquiry's extent did not warrant invoking Section 263. The Tribunal allowed the assessee's appeal, ruling that the assessment order was not erroneous or prejudicial to revenue interests. en-us Mon, 21 Dec 2020 00:00:00 +0530 Mon, 28 Dec 2020 09:45:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402268 The Tribunal set aside the Principal Commissioner of Income Tax's order invoking Section 263 and restored the assessment order passed by the Assessing Officer. The Tribunal found that the Assessing Officer had conducted inquiries and collected evidence, determining that the Principal Commissioner's dissatisfaction with the inquiry's extent did not warrant invoking Section 263. The Tribunal allowed the assessee's appeal, ruling that the assessment order was not erroneous or prejudicial to revenue interests. Case-Laws Income Tax Mon, 21 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402268