https://www.taxtmi.com/caselaws?id=430706 The Tribunal ruled in favor of the assessee, quashing the revision proceedings under section 263 of the Income Tax Act. It held that the Assessing Officer conducted adequate inquiries and followed a permissible course of action. The Tribunal found that the Principal Commissioner of Income Tax failed to demonstrate the AO's order was erroneous, emphasizing that a difference in opinion does not warrant revision. Consequently, the appeal was allowed, and the revision proceedings were deemed unjustifiable and against the provisions of law. en-us Wed, 23 Nov 2022 00:00:00 +0530 Fri, 25 Nov 2022 11:23:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430706 The Tribunal ruled in favor of the assessee, quashing the revision proceedings under section 263 of the Income Tax Act. It held that the Assessing Officer conducted adequate inquiries and followed a permissible course of action. The Tribunal found that the Principal Commissioner of Income Tax failed to demonstrate the AO's order was erroneous, emphasizing that a difference in opinion does not warrant revision. Consequently, the appeal was allowed, and the revision proceedings were deemed unjustifiable and against the provisions of law. Case-Laws Income Tax Wed, 23 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430706