https://www.taxtmi.com/caselaws?id=405000 The Tribunal allowed the appeal, quashing the Principal Commissioner of Income Tax's invocation of Section 263. It was found that the Assessing Officer had conducted thorough inquiries during the reassessment proceedings, including verifying the identity and genuineness of share transactions. The Tribunal deemed the Principal Commissioner's finding of no inquiry as erroneous, concluding that the Assessing Officer had fulfilled investigative duties. The additional ground of appeal regarding jurisdictional defects was not addressed due to the primary issue's resolution. en-us Fri, 05 Mar 2021 00:00:00 +0530 Tue, 09 Mar 2021 08:49:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=405000 The Tribunal allowed the appeal, quashing the Principal Commissioner of Income Tax's invocation of Section 263. It was found that the Assessing Officer had conducted thorough inquiries during the reassessment proceedings, including verifying the identity and genuineness of share transactions. The Tribunal deemed the Principal Commissioner's finding of no inquiry as erroneous, concluding that the Assessing Officer had fulfilled investigative duties. The additional ground of appeal regarding jurisdictional defects was not addressed due to the primary issue's resolution. Case-Laws Income Tax Fri, 05 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=405000