https://www.taxtmi.com/caselaws?id=419727 The Tribunal set aside the order passed by the Principal Commissioner of Income Tax (Pr. CIT) under Section 263, upholding the original assessment order by the Assessing Officer (A.O.). The Tribunal found that the A.O. had conducted proper enquiries and verifications, concluding that the Pr. CIT's reliance on incomplete and unverified data from NSEL was unjustified. As a result, the appeals filed by the assessees were allowed. en-us Wed, 09 Mar 2022 00:00:00 +0530 Thu, 17 Mar 2022 16:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=419727 The Tribunal set aside the order passed by the Principal Commissioner of Income Tax (Pr. CIT) under Section 263, upholding the original assessment order by the Assessing Officer (A.O.). The Tribunal found that the A.O. had conducted proper enquiries and verifications, concluding that the Pr. CIT's reliance on incomplete and unverified data from NSEL was unjustified. As a result, the appeals filed by the assessees were allowed. Case-Laws Income Tax Wed, 09 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=419727