https://www.taxtmi.com/caselaws?id=414896 The court allowed the appeal of the assessee, setting aside the order passed by the Principal Commissioner of Income Tax (PCIT) under section 263 of the Income Tax Act, 1961. The court found that the PCIT's decision to revise the assessment order was not supported by evidence of inadequate enquiry by the Assessing Officer (AO) and did not align with established legal principles. The judgment emphasized the importance of conducting a thorough analysis of evidence and ensuring compliance with legal standards when revising assessment orders. en-us Tue, 02 Nov 2021 00:00:00 +0530 Fri, 19 Nov 2021 09:21:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=414896 The court allowed the appeal of the assessee, setting aside the order passed by the Principal Commissioner of Income Tax (PCIT) under section 263 of the Income Tax Act, 1961. The court found that the PCIT's decision to revise the assessment order was not supported by evidence of inadequate enquiry by the Assessing Officer (AO) and did not align with established legal principles. The judgment emphasized the importance of conducting a thorough analysis of evidence and ensuring compliance with legal standards when revising assessment orders. Case-Laws Income Tax Tue, 02 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=414896