https://www.taxtmi.com/caselaws?id=301517 The Tribunal held that the CIT's order under section 263 was invalid as the issue of bad debts had already been considered in the original assessment and subsequent appellate proceedings. The Tribunal ruled that the AO could not revisit the bad debts issue under section 153A without new incriminating material found during the search. Therefore, the Tribunal quashed the CIT's order passed under section 263. en-us Fri, 06 Aug 2010 00:00:00 +0530 Thu, 07 Apr 2022 13:10:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=301517 The Tribunal held that the CIT's order under section 263 was invalid as the issue of bad debts had already been considered in the original assessment and subsequent appellate proceedings. The Tribunal ruled that the AO could not revisit the bad debts issue under section 153A without new incriminating material found during the search. Therefore, the Tribunal quashed the CIT's order passed under section 263. Case-Laws Income Tax Fri, 06 Aug 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=301517