https://www.taxtmi.com/caselaws?id=416410 The Tribunal upheld the Principal Commissioner of Income Tax's decision to revise the assessment orders for the years 2007-08 and 2010-11. It found that the Assessing Officer's failure to conduct thorough enquiries into the genuineness of unsecured loans led to erroneous and prejudicial assessment orders. The appeals were dismissed, and the Assessing Officer was directed to reframe the assessments after proper verification and consideration of the assessee's submissions. en-us Thu, 23 Dec 2021 00:00:00 +0530 Tue, 28 Dec 2021 08:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416410 The Tribunal upheld the Principal Commissioner of Income Tax's decision to revise the assessment orders for the years 2007-08 and 2010-11. It found that the Assessing Officer's failure to conduct thorough enquiries into the genuineness of unsecured loans led to erroneous and prejudicial assessment orders. The appeals were dismissed, and the Assessing Officer was directed to reframe the assessments after proper verification and consideration of the assessee's submissions. Case-Laws Income Tax Thu, 23 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416410