https://www.taxtmi.com/caselaws?id=417651 The Tribunal quashed the orders passed by the Principal Commissioner of Income Tax (PCIT) under Section 263, holding that the Assessing Officer (AO) had conducted sufficient inquiries and verifications during the assessment proceedings. The Tribunal found that the PCIT's decision was merely a difference in opinion and lacked a factual basis, ultimately allowing the appeals filed by the appellants. en-us Fri, 21 Jan 2022 00:00:00 +0530 Fri, 28 Jan 2022 20:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417651 The Tribunal quashed the orders passed by the Principal Commissioner of Income Tax (PCIT) under Section 263, holding that the Assessing Officer (AO) had conducted sufficient inquiries and verifications during the assessment proceedings. The Tribunal found that the PCIT's decision was merely a difference in opinion and lacked a factual basis, ultimately allowing the appeals filed by the appellants. Case-Laws Income Tax Fri, 21 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417651