https://www.taxtmi.com/caselaws?id=420872 The appeal against the Principal Commissioner of Income Tax-5, Kolkata's order invoking jurisdiction under section 263 of the Income Tax Act was successful. The Appellate Tribunal ITAT Kolkata allowed the assessee's appeal and quashed the PCIT's order under section 263 on 28th March 2022. The Judicial Member found the PCIT's order vague and lacking a basis for deeming the Assessing Officer's order erroneous, ultimately leading to the decision in favor of the assessee. en-us Mon, 28 Mar 2022 00:00:00 +0530 Tue, 12 Apr 2022 09:17:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=420872 The appeal against the Principal Commissioner of Income Tax-5, Kolkata's order invoking jurisdiction under section 263 of the Income Tax Act was successful. The Appellate Tribunal ITAT Kolkata allowed the assessee's appeal and quashed the PCIT's order under section 263 on 28th March 2022. The Judicial Member found the PCIT's order vague and lacking a basis for deeming the Assessing Officer's order erroneous, ultimately leading to the decision in favor of the assessee. Case-Laws Income Tax Mon, 28 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=420872