https://www.taxtmi.com/caselaws?id=419880 The Tribunal quashed the order passed by the Principal Commissioner of Income Tax under Section 263 due to lack of adequate opportunity and an arbitrary exercise of power. The appeal was allowed, and the assessment order dated 30.12.2018 was upheld. The Tribunal stressed the importance of following principles of natural justice and ensuring a fair exercise of statutory powers by tax authorities. en-us Wed, 09 Mar 2022 00:00:00 +0530 Mon, 27 Jun 2022 10:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=419880 The Tribunal quashed the order passed by the Principal Commissioner of Income Tax under Section 263 due to lack of adequate opportunity and an arbitrary exercise of power. The appeal was allowed, and the assessment order dated 30.12.2018 was upheld. The Tribunal stressed the importance of following principles of natural justice and ensuring a fair exercise of statutory powers by tax authorities. Case-Laws Income Tax Wed, 09 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=419880