https://www.taxtmi.com/caselaws?id=426928 The tribunal quashed the Principal Commissioner of Income Tax's order under Section 263, ruling that the Assessing Officer's inquiry was adequate and the additional income was correctly classified as business income. The appeal by the assessee was allowed, with the tribunal pronouncing judgment in favor of the assessee on August 24, 2022. en-us Wed, 24 Aug 2022 00:00:00 +0530 Sat, 27 Aug 2022 10:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=426928 The tribunal quashed the Principal Commissioner of Income Tax's order under Section 263, ruling that the Assessing Officer's inquiry was adequate and the additional income was correctly classified as business income. The appeal by the assessee was allowed, with the tribunal pronouncing judgment in favor of the assessee on August 24, 2022. Case-Laws Income Tax Wed, 24 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=426928