https://www.taxtmi.com/caselaws?id=418930 The tribunal allowed the appeals filed by the assessee, quashing the orders passed by the Principal Commissioner of Income Tax under Section 263. The assessments under Section 153C were deemed invalid as the tribunal found that the Assessing Officer had taken a possible view, conducted necessary inquiries, and accepted the income declared by the assessee, which exceeded the proposed peak addition. en-us Fri, 17 Sep 2021 00:00:00 +0530 Mon, 28 Feb 2022 08:32:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=418930 The tribunal allowed the appeals filed by the assessee, quashing the orders passed by the Principal Commissioner of Income Tax under Section 263. The assessments under Section 153C were deemed invalid as the tribunal found that the Assessing Officer had taken a possible view, conducted necessary inquiries, and accepted the income declared by the assessee, which exceeded the proposed peak addition. Case-Laws Income Tax Fri, 17 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=418930