https://www.taxtmi.com/caselaws?id=429260 The Tribunal upheld the Principal Commissioner of Income Tax's revision orders under Section 263, dismissing the appeals. The decision emphasized the importance of thorough verification and inquiry by the Assessing Officer, particularly regarding deduction claims under Section 80JJAA. The Tribunal supported the PCIT's reliance on survey findings and highlighted the necessity for explicit findings in assessment orders to prevent errors prejudicial to revenue. The judgment underscored the significance of conducting detailed inquiries to ensure procedural fairness and accuracy in tax assessments. en-us Mon, 22 Aug 2022 00:00:00 +0530 Thu, 20 Oct 2022 12:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429260 The Tribunal upheld the Principal Commissioner of Income Tax's revision orders under Section 263, dismissing the appeals. The decision emphasized the importance of thorough verification and inquiry by the Assessing Officer, particularly regarding deduction claims under Section 80JJAA. The Tribunal supported the PCIT's reliance on survey findings and highlighted the necessity for explicit findings in assessment orders to prevent errors prejudicial to revenue. The judgment underscored the significance of conducting detailed inquiries to ensure procedural fairness and accuracy in tax assessments. Case-Laws Income Tax Mon, 22 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429260