https://www.taxtmi.com/caselaws?id=420431 The Tribunal allowed the appeal of the assessee and quashed the order passed by the Principal Commissioner of Income Tax (PCIT) under section 263 of the Income-tax Act. The Tribunal found that the PCIT's order was invalid as it did not mention the Document Identification Number (DIN) as required by CBDT Circular No. 19 of 2019. Despite procedural lapses, the Tribunal upheld the PCIT's findings on the unsecured loan issue but determined that the Assessing Officer had adequately conducted inquiries regarding other payables and loans and advances, leading to the conclusion that there was no error in the AO's order on those matters. en-us Wed, 30 Mar 2022 00:00:00 +0530 Sat, 02 Apr 2022 08:35:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=420431 The Tribunal allowed the appeal of the assessee and quashed the order passed by the Principal Commissioner of Income Tax (PCIT) under section 263 of the Income-tax Act. The Tribunal found that the PCIT's order was invalid as it did not mention the Document Identification Number (DIN) as required by CBDT Circular No. 19 of 2019. Despite procedural lapses, the Tribunal upheld the PCIT's findings on the unsecured loan issue but determined that the Assessing Officer had adequately conducted inquiries regarding other payables and loans and advances, leading to the conclusion that there was no error in the AO's order on those matters. Case-Laws Income Tax Wed, 30 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=420431