https://www.taxtmi.com/caselaws?id=410635 The Tribunal upheld the Principal Commissioner of Income Tax's decision to set aside the Assessing Officer's order and direct a fresh assessment under section 263 of the Income Tax Act, 1961. The delay in filing the appeal was condoned due to wrong advice from the Chartered Accountant. The Tribunal found the AO's assessment deficient in investigating key aspects, leading to an erroneous assessment. Consequently, the appeal was dismissed, affirming the direction for a fresh assessment by the AO. en-us Tue, 27 Jul 2021 00:00:00 +0530 Fri, 06 Aug 2021 09:12:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=410635 The Tribunal upheld the Principal Commissioner of Income Tax's decision to set aside the Assessing Officer's order and direct a fresh assessment under section 263 of the Income Tax Act, 1961. The delay in filing the appeal was condoned due to wrong advice from the Chartered Accountant. The Tribunal found the AO's assessment deficient in investigating key aspects, leading to an erroneous assessment. Consequently, the appeal was dismissed, affirming the direction for a fresh assessment by the AO. Case-Laws Income Tax Tue, 27 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=410635