https://www.taxtmi.com/caselaws?id=429467 The Tribunal allowed the appeal, holding that the PCIT's order under Section 263 was unwarranted. The Assessing Officer had conducted a detailed enquiry, considered valuation reports, and the DVO's report. The Tribunal found the PCIT's intervention unjustified, emphasizing that a review under Section 263 should not amount to a change of opinion. The original assessment was upheld, and the PCIT's order was set aside. en-us Wed, 21 Sep 2022 00:00:00 +0530 Sat, 29 Oct 2022 09:18:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429467 The Tribunal allowed the appeal, holding that the PCIT's order under Section 263 was unwarranted. The Assessing Officer had conducted a detailed enquiry, considered valuation reports, and the DVO's report. The Tribunal found the PCIT's intervention unjustified, emphasizing that a review under Section 263 should not amount to a change of opinion. The original assessment was upheld, and the PCIT's order was set aside. Case-Laws Income Tax Wed, 21 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429467