https://www.taxtmi.com/caselaws?id=408549 The Tribunal partly allowed the appeal, upholding the Pr. CIT's order only regarding the examination of payments of rent and legal fees to related persons under section 40A(2)(a). Other issues raised were deemed adequately addressed by the AO, leading to the conclusion that the assumption of jurisdiction under section 263 was not warranted for those matters. The Tribunal stressed the importance of the Pr. CIT conducting a primary enquiry before invoking section 263. en-us Tue, 25 May 2021 00:00:00 +0530 Tue, 15 Jun 2021 07:49:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408549 The Tribunal partly allowed the appeal, upholding the Pr. CIT's order only regarding the examination of payments of rent and legal fees to related persons under section 40A(2)(a). Other issues raised were deemed adequately addressed by the AO, leading to the conclusion that the assumption of jurisdiction under section 263 was not warranted for those matters. The Tribunal stressed the importance of the Pr. CIT conducting a primary enquiry before invoking section 263. Case-Laws Income Tax Tue, 25 May 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408549