https://www.taxtmi.com/caselaws?id=415982 The Tribunal quashed the revisionary proceedings initiated by the Principal Commissioner of Income Tax (PCIT) under Section 263 for the assessment years, holding that the Assessing Officer (AO) had conducted proper inquiries and accepted the assessee's claims based on a plausible view. The appeals of the assessee were allowed, and the orders of the PCIT were set aside. en-us Wed, 24 Nov 2021 00:00:00 +0530 Fri, 17 Dec 2021 12:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=415982 The Tribunal quashed the revisionary proceedings initiated by the Principal Commissioner of Income Tax (PCIT) under Section 263 for the assessment years, holding that the Assessing Officer (AO) had conducted proper inquiries and accepted the assessee's claims based on a plausible view. The appeals of the assessee were allowed, and the orders of the PCIT were set aside. Case-Laws Income Tax Wed, 24 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=415982