https://www.taxtmi.com/caselaws?id=429414 The Tribunal held that the Assessment Order passed by the AO was legitimate, and the inquiries conducted were adequate. The Tribunal quashed the Ld. PCIT's order invoking revisionary powers under section 263, stating that the AO's assessment was not erroneous or prejudicial to the Revenue. The appeals of the assessees were allowed, and the orders under section 263 were set aside. en-us Fri, 30 Sep 2022 00:00:00 +0530 Thu, 27 Oct 2022 18:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429414 The Tribunal held that the Assessment Order passed by the AO was legitimate, and the inquiries conducted were adequate. The Tribunal quashed the Ld. PCIT's order invoking revisionary powers under section 263, stating that the AO's assessment was not erroneous or prejudicial to the Revenue. The appeals of the assessees were allowed, and the orders under section 263 were set aside. Case-Laws Income Tax Fri, 30 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429414