https://www.taxtmi.com/caselaws?id=306167 The Tribunal upheld the Principal Commissioner of Income Tax's revision orders under Section 263 for both assessment years, dismissing the appeals filed by the assessee. It was found that the Assessing Officer had not conducted adequate inquiries into the issues of share premium valuation and depreciation on operation and management rights, justifying the PCIT's intervention to correct the erroneous and prejudicial assessment orders. en-us Tue, 31 May 2022 00:00:00 +0530 Sat, 14 Jan 2023 06:49:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=306167 The Tribunal upheld the Principal Commissioner of Income Tax's revision orders under Section 263 for both assessment years, dismissing the appeals filed by the assessee. It was found that the Assessing Officer had not conducted adequate inquiries into the issues of share premium valuation and depreciation on operation and management rights, justifying the PCIT's intervention to correct the erroneous and prejudicial assessment orders. Case-Laws Income Tax Tue, 31 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=306167