https://www.taxtmi.com/caselaws?id=414984 The tribunal quashed the order passed by the Principal Commissioner of Income Tax (Pr. CIT) under Section 263, holding that the Assessing Officer (A.O.) conducted adequate inquiries and the assessment order was not erroneous or prejudicial to the Revenue. Emphasizing consistency in property valuation among co-owners and upholding principles of natural justice, the tribunal allowed the appeal of the assessee. en-us Mon, 20 Sep 2021 00:00:00 +0530 Tue, 23 Nov 2021 06:12:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=414984 The tribunal quashed the order passed by the Principal Commissioner of Income Tax (Pr. CIT) under Section 263, holding that the Assessing Officer (A.O.) conducted adequate inquiries and the assessment order was not erroneous or prejudicial to the Revenue. Emphasizing consistency in property valuation among co-owners and upholding principles of natural justice, the tribunal allowed the appeal of the assessee. Case-Laws Income Tax Mon, 20 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=414984