https://www.taxtmi.com/caselaws?id=420662 The Tribunal quashed the revisionary proceedings under Section 263, holding that the AO had conducted adequate inquiries and the PCIT had not conducted any independent inquiry to substantiate the claim that the assessment order was erroneous and prejudicial to the interest of the Revenue. The appeal of the assessee was allowed. en-us Fri, 25 Mar 2022 00:00:00 +0530 Thu, 07 Apr 2022 10:00:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=420662 The Tribunal quashed the revisionary proceedings under Section 263, holding that the AO had conducted adequate inquiries and the PCIT had not conducted any independent inquiry to substantiate the claim that the assessment order was erroneous and prejudicial to the interest of the Revenue. The appeal of the assessee was allowed. Case-Laws Income Tax Fri, 25 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=420662