https://www.taxtmi.com/caselaws?id=304805 The Tribunal affirmed its jurisdiction to hear the appeal despite the insertion of Section 255(7,8 & 9) of the Income Tax Act, rejecting the assessee's challenge. Regarding the validity of the Section 263 order by the Commissioner, the Tribunal sided with the Commissioner, finding the assessment order for the year 2008-09 erroneous due to the AO's failure to address discrepancies, supporting the revenue's interests. The Tribunal emphasized the AO's obligation to scrutinize information provided by the assessee and upheld the Commissioner's decision, dismissing the assessee's appeal. en-us Thu, 02 Jun 2022 00:00:00 +0530 Thu, 27 Oct 2022 17:59:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=304805 The Tribunal affirmed its jurisdiction to hear the appeal despite the insertion of Section 255(7,8 & 9) of the Income Tax Act, rejecting the assessee's challenge. Regarding the validity of the Section 263 order by the Commissioner, the Tribunal sided with the Commissioner, finding the assessment order for the year 2008-09 erroneous due to the AO's failure to address discrepancies, supporting the revenue's interests. The Tribunal emphasized the AO's obligation to scrutinize information provided by the assessee and upheld the Commissioner's decision, dismissing the assessee's appeal. Case-Laws Income Tax Thu, 02 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=304805