https://www.taxtmi.com/caselaws?id=305940 The Tribunal quashed the Principal Commissioner of Income Tax's order under section 263, ruling in favor of the assessee. It held that the Assessing Officer had conducted sufficient inquiries and verifications, rendering the invocation of section 263 unwarranted. The assessment order was deemed neither erroneous nor prejudicial to the interest of the Revenue, leading to the dismissal of the revisionary jurisdiction. en-us Thu, 12 Dec 2019 00:00:00 +0530 Sat, 31 Dec 2022 08:43:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=305940 The Tribunal quashed the Principal Commissioner of Income Tax's order under section 263, ruling in favor of the assessee. It held that the Assessing Officer had conducted sufficient inquiries and verifications, rendering the invocation of section 263 unwarranted. The assessment order was deemed neither erroneous nor prejudicial to the interest of the Revenue, leading to the dismissal of the revisionary jurisdiction. Case-Laws Income Tax Thu, 12 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=305940