https://www.taxtmi.com/caselaws?id=423753 The Tribunal held that the Principal Commissioner of Income Tax was not justified in invoking Section 263 of the Income Tax Act, 1961. It was determined that the Assessing Officer had conducted proper inquiries and verified the details provided by the assessee, indicating that the AO's order was not erroneous or prejudicial to the Revenue's interest. As a result, the Tribunal quashed the Pr. CIT's order and allowed the appeal of the assessee. en-us Thu, 12 May 2022 00:00:00 +0530 Tue, 14 Jun 2022 08:29:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=423753 The Tribunal held that the Principal Commissioner of Income Tax was not justified in invoking Section 263 of the Income Tax Act, 1961. It was determined that the Assessing Officer had conducted proper inquiries and verified the details provided by the assessee, indicating that the AO's order was not erroneous or prejudicial to the Revenue's interest. As a result, the Tribunal quashed the Pr. CIT's order and allowed the appeal of the assessee. Case-Laws Income Tax Thu, 12 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=423753