https://www.taxtmi.com/caselaws?id=417121 The Tribunal quashed the order passed by the Principal Commissioner of Income Tax under Section 263, ruling that the Assessing Officer had conducted sufficient inquiries and that the Commissioner breached natural justice by not allowing the assessee a fair hearing. The Tribunal emphasized the lack of objective material supporting the Commissioner's conclusions and found that the Assessing Officer's order was not erroneous or prejudicial to revenue interests. en-us Thu, 06 Jan 2022 00:00:00 +0530 Fri, 14 Jan 2022 13:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417121 The Tribunal quashed the order passed by the Principal Commissioner of Income Tax under Section 263, ruling that the Assessing Officer had conducted sufficient inquiries and that the Commissioner breached natural justice by not allowing the assessee a fair hearing. The Tribunal emphasized the lack of objective material supporting the Commissioner's conclusions and found that the Assessing Officer's order was not erroneous or prejudicial to revenue interests. Case-Laws Income Tax Thu, 06 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417121