https://www.taxtmi.com/caselaws?id=294266 The Tribunal upheld the Commissioner of Income-tax's decision under section 263 of the Income-Tax Act, finding the Assessing Officer's order erroneous for not deducting tax at source on payments to a foreign company. Emphasizing the AO's duty to conduct proper inquiries, the Tribunal affirmed the need for thorough investigation before finalizing assessments. The case underscores the significance of ensuring tax compliance and the obligation of the AO to diligently verify facts, ultimately leading to the remand of the matter for fresh consideration. en-us Fri, 15 Mar 2019 00:00:00 +0530 Fri, 02 Apr 2021 09:12:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=294266 The Tribunal upheld the Commissioner of Income-tax's decision under section 263 of the Income-Tax Act, finding the Assessing Officer's order erroneous for not deducting tax at source on payments to a foreign company. Emphasizing the AO's duty to conduct proper inquiries, the Tribunal affirmed the need for thorough investigation before finalizing assessments. The case underscores the significance of ensuring tax compliance and the obligation of the AO to diligently verify facts, ultimately leading to the remand of the matter for fresh consideration. Case-Laws Income Tax Fri, 15 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=294266