https://www.taxtmi.com/caselaws?id=410343 The Tribunal upheld the Principal Commissioner of Income Tax's invocation of Section 263 and directed de novo assessments on various issues, including deduction for maintenance compensation, notional rental income, and interest under Section 234B. The Tribunal emphasized the necessity for thorough investigation by the Assessing Officer and instructed compliance with the Pr. CIT's directives. The appeal was dismissed, and the Assessing Officer was tasked with issuing a reasoned order after considering the taxpayer's arguments and evidence. en-us Thu, 22 Jul 2021 00:00:00 +0530 Thu, 29 Jul 2021 21:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=410343 The Tribunal upheld the Principal Commissioner of Income Tax's invocation of Section 263 and directed de novo assessments on various issues, including deduction for maintenance compensation, notional rental income, and interest under Section 234B. The Tribunal emphasized the necessity for thorough investigation by the Assessing Officer and instructed compliance with the Pr. CIT's directives. The appeal was dismissed, and the Assessing Officer was tasked with issuing a reasoned order after considering the taxpayer's arguments and evidence. Case-Laws Income Tax Thu, 22 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=410343