https://www.taxtmi.com/caselaws?id=420879 The Tribunal allowed the appeal of the assessee, finding that the Assessing Officer (AO) had conducted a proper inquiry and adopted a reasonable view. The Principal Commissioner of Income Tax's actions to set aside the assessment and direct a de novo assessment were deemed unjustified. The Tribunal emphasized that an assessment order cannot be considered erroneous or prejudicial to revenue solely based on differing views. As a result, the appeal was allowed, and the original assessment order was upheld. en-us Wed, 06 Apr 2022 00:00:00 +0530 Tue, 12 Apr 2022 09:17:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=420879 The Tribunal allowed the appeal of the assessee, finding that the Assessing Officer (AO) had conducted a proper inquiry and adopted a reasonable view. The Principal Commissioner of Income Tax's actions to set aside the assessment and direct a de novo assessment were deemed unjustified. The Tribunal emphasized that an assessment order cannot be considered erroneous or prejudicial to revenue solely based on differing views. As a result, the appeal was allowed, and the original assessment order was upheld. Case-Laws Income Tax Wed, 06 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=420879