https://www.taxtmi.com/caselaws?id=415143 The Tribunal held that the Principal Commissioner of Income Tax (PCIT) was not justified in invoking Section 263 of the Income Tax Act, as the Assessing Officer (AO) had conducted adequate enquiries within the scope of limited scrutiny. The Tribunal set aside the PCIT's order and allowed the appeal of the assessee, determining that the assessment order was neither erroneous nor prejudicial to the interests of the Revenue. The appeal was allowed, and the order was pronounced in open court on 14.10.2021. en-us Thu, 14 Oct 2021 00:00:00 +0530 Fri, 26 Nov 2021 21:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=415143 The Tribunal held that the Principal Commissioner of Income Tax (PCIT) was not justified in invoking Section 263 of the Income Tax Act, as the Assessing Officer (AO) had conducted adequate enquiries within the scope of limited scrutiny. The Tribunal set aside the PCIT's order and allowed the appeal of the assessee, determining that the assessment order was neither erroneous nor prejudicial to the interests of the Revenue. The appeal was allowed, and the order was pronounced in open court on 14.10.2021. Case-Laws Income Tax Thu, 14 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=415143