https://www.taxtmi.com/caselaws?id=420819 The Tribunal quashed the order passed by the Principal Commissioner of Income Tax (Pr. CIT) under Section 263 of the Income Tax Act, holding that the Assessing Officer (AO) had conducted a thorough and adequate inquiry into the transaction, which was found to be genuine. The Tribunal reinstated the assessment order passed by the AO and allowed the appeal filed by the assessee. en-us Thu, 31 Mar 2022 00:00:00 +0530 Fri, 08 Apr 2022 15:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=420819 The Tribunal quashed the order passed by the Principal Commissioner of Income Tax (Pr. CIT) under Section 263 of the Income Tax Act, holding that the Assessing Officer (AO) had conducted a thorough and adequate inquiry into the transaction, which was found to be genuine. The Tribunal reinstated the assessment order passed by the AO and allowed the appeal filed by the assessee. Case-Laws Income Tax Thu, 31 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=420819