https://www.taxtmi.com/caselaws?id=297069 The Tribunal held that the Principal Commissioner of Income Tax (Pr.CIT) lacked jurisdiction under section 263 of the Income Tax Act as the Assessing Officer (AO) had conducted adequate enquiries and formed a plausible view. The Tribunal found the AO's order was not erroneous or prejudicial to the Revenue's interest, thus quashing the Pr.CIT's order. The appeal of the assessee was allowed, and the decision was pronounced on 19.12.2019. en-us Thu, 19 Dec 2019 00:00:00 +0530 Wed, 18 Aug 2021 09:26:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=297069 The Tribunal held that the Principal Commissioner of Income Tax (Pr.CIT) lacked jurisdiction under section 263 of the Income Tax Act as the Assessing Officer (AO) had conducted adequate enquiries and formed a plausible view. The Tribunal found the AO's order was not erroneous or prejudicial to the Revenue's interest, thus quashing the Pr.CIT's order. The appeal of the assessee was allowed, and the decision was pronounced on 19.12.2019. Case-Laws Income Tax Thu, 19 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=297069