https://www.taxtmi.com/caselaws?id=429816 The Tribunal allowed the appeal, quashing the CIT's order under Section 263. The reassessment order passed by the AO was found to be valid and properly executed, and the delay in filing the appeal was condoned. The Tribunal emphasized the necessity for the CIT to provide a clear and justified reasoning for invoking Section 263, which was absent in this case. en-us Mon, 31 Oct 2022 00:00:00 +0530 Sat, 05 Nov 2022 08:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429816 The Tribunal allowed the appeal, quashing the CIT's order under Section 263. The reassessment order passed by the AO was found to be valid and properly executed, and the delay in filing the appeal was condoned. The Tribunal emphasized the necessity for the CIT to provide a clear and justified reasoning for invoking Section 263, which was absent in this case. Case-Laws Income Tax Mon, 31 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429816