https://www.taxtmi.com/caselaws?id=424983 The Tribunal dismissed the Assessee's appeal against the Principal Commissioner's order under section 263 of the Income-tax Act, 1961 for the assessment year 2016-17. The Tribunal upheld the reopening of the case, finding that the Assessing Officer had conducted a cursory inquiry without proper examination of the deposits made by the Assessee. The decision was based on the lack of substantive reason to interfere with the impugned order, leading to the rejection of the appeal on 30/06/2022. en-us Thu, 30 Jun 2022 00:00:00 +0530 Wed, 13 Jul 2022 07:49:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=424983 The Tribunal dismissed the Assessee's appeal against the Principal Commissioner's order under section 263 of the Income-tax Act, 1961 for the assessment year 2016-17. The Tribunal upheld the reopening of the case, finding that the Assessing Officer had conducted a cursory inquiry without proper examination of the deposits made by the Assessee. The decision was based on the lack of substantive reason to interfere with the impugned order, leading to the rejection of the appeal on 30/06/2022. Case-Laws Income Tax Thu, 30 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=424983