https://www.taxtmi.com/caselaws?id=413858 The Tribunal dismissed the appeal filed by the assessee, upholding the Principal Commissioner of Income Tax's order under Section 263. The Tribunal found the AO's assessment order to be erroneous and prejudicial to the interest of Revenue due to the lack of proper enquiry, rejecting the assessee's contentions on various grounds including jurisdiction assumption, validity of proceedings, reasons recorded for reopening assessment, application of mind by the AO, opportunity granted to the assessee, adequacy of enquiry, and applicability of judicial precedents. en-us Tue, 12 Oct 2021 00:00:00 +0530 Fri, 22 Oct 2021 08:31:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=413858 The Tribunal dismissed the appeal filed by the assessee, upholding the Principal Commissioner of Income Tax's order under Section 263. The Tribunal found the AO's assessment order to be erroneous and prejudicial to the interest of Revenue due to the lack of proper enquiry, rejecting the assessee's contentions on various grounds including jurisdiction assumption, validity of proceedings, reasons recorded for reopening assessment, application of mind by the AO, opportunity granted to the assessee, adequacy of enquiry, and applicability of judicial precedents. Case-Laws Income Tax Tue, 12 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=413858