https://www.taxtmi.com/caselaws?id=406127 The Tribunal quashed the PCIT's order, ruling that the AO's inquiries were sufficient, and the reassessment order was not erroneous or prejudicial to revenue. The Tribunal stressed the importance of conclusiveness in tax disputes and the necessity for the PCIT to conduct preliminary investigations before utilizing revisional powers under Section 263. The assessee's appeal was granted, and the additional appeal ground was considered academic. en-us Fri, 26 Mar 2021 00:00:00 +0530 Tue, 06 Apr 2021 13:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406127 The Tribunal quashed the PCIT's order, ruling that the AO's inquiries were sufficient, and the reassessment order was not erroneous or prejudicial to revenue. The Tribunal stressed the importance of conclusiveness in tax disputes and the necessity for the PCIT to conduct preliminary investigations before utilizing revisional powers under Section 263. The assessee's appeal was granted, and the additional appeal ground was considered academic. Case-Laws Income Tax Fri, 26 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406127