https://www.taxtmi.com/caselaws?id=423234 The Tribunal upheld the Principal Commissioner's decision to set aside the assessment order challenged by the assessee under section 263 of the Income Tax Act for AY.2015-16. The Tribunal found that the assessment was erroneous and prejudicial to the interest of Revenue due to the lack of proper enquiry into deductions claimed under sections 54 and 54EC of the Act. The appeal of the assessee was dismissed, affirming the decision of the Principal Commissioner. en-us Tue, 31 May 2022 00:00:00 +0530 Thu, 02 Jun 2022 08:42:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=423234 The Tribunal upheld the Principal Commissioner's decision to set aside the assessment order challenged by the assessee under section 263 of the Income Tax Act for AY.2015-16. The Tribunal found that the assessment was erroneous and prejudicial to the interest of Revenue due to the lack of proper enquiry into deductions claimed under sections 54 and 54EC of the Act. The appeal of the assessee was dismissed, affirming the decision of the Principal Commissioner. Case-Laws Income Tax Tue, 31 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=423234