https://www.taxtmi.com/caselaws?id=414252 The Tribunal quashed the revision order passed by the Principal Commissioner of Income Tax (PCIT) under Section 263 of the Income Tax Act. It held that the Assessing Officer (AO) had conducted sufficient inquiries and taken a plausible view on the expenditure incurred by the trust and the non-chargeability of capital gains for the assessment year 2015-16. The appeal of the assessee was allowed, and the grounds raised were upheld. en-us Mon, 30 Aug 2021 00:00:00 +0530 Mon, 01 Nov 2021 07:10:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=414252 The Tribunal quashed the revision order passed by the Principal Commissioner of Income Tax (PCIT) under Section 263 of the Income Tax Act. It held that the Assessing Officer (AO) had conducted sufficient inquiries and taken a plausible view on the expenditure incurred by the trust and the non-chargeability of capital gains for the assessment year 2015-16. The appeal of the assessee was allowed, and the grounds raised were upheld. Case-Laws Income Tax Mon, 30 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=414252