https://www.taxtmi.com/caselaws?id=431637 The Tribunal allowed the appeal of the assessee, finding no error in the AO's order to justify the initiation of proceedings under Section 263 by the Principal CIT. The Tribunal emphasized that the AO had made adequate inquiries, and the Principal CIT could not substitute his judgment for that of the AO. en-us Thu, 15 Dec 2022 00:00:00 +0530 Sat, 17 Dec 2022 09:17:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=431637 The Tribunal allowed the appeal of the assessee, finding no error in the AO's order to justify the initiation of proceedings under Section 263 by the Principal CIT. The Tribunal emphasized that the AO had made adequate inquiries, and the Principal CIT could not substitute his judgment for that of the AO. Case-Laws Income Tax Thu, 15 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=431637