https://www.taxtmi.com/caselaws?id=409360 The ITAT quashed the order passed under section 263 of the Income Tax Act by the Pr. CIT, holding that the AO had conducted adequate inquiries and applied his mind to the issues flagged for limited scrutiny. The appeal filed by the assessee was allowed, and the ITAT directed the AO to initiate fresh assessment proceedings, if necessary, and provide reasonable opportunities to the assessee to substantiate their claims. en-us Wed, 23 Jun 2021 00:00:00 +0530 Sat, 03 Jul 2021 16:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409360 The ITAT quashed the order passed under section 263 of the Income Tax Act by the Pr. CIT, holding that the AO had conducted adequate inquiries and applied his mind to the issues flagged for limited scrutiny. The appeal filed by the assessee was allowed, and the ITAT directed the AO to initiate fresh assessment proceedings, if necessary, and provide reasonable opportunities to the assessee to substantiate their claims. Case-Laws Income Tax Wed, 23 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409360