https://www.taxtmi.com/caselaws?id=432959 The Tribunal held that the Principal Commissioner of Income Tax's order under section 263 was unsustainable as it lacked specific deficiencies and was based on general observations. The Tribunal quashed the order, emphasizing the need for specific reasons for dissatisfaction with the Assessing Officer's inquiries and stressing the importance of finality in assessments. The decision aligned with a previous ruling by the Coordinate Bench of ITAT Kolkata in a similar case. en-us Thu, 01 Dec 2022 00:00:00 +0530 Tue, 17 Jan 2023 09:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=432959 The Tribunal held that the Principal Commissioner of Income Tax's order under section 263 was unsustainable as it lacked specific deficiencies and was based on general observations. The Tribunal quashed the order, emphasizing the need for specific reasons for dissatisfaction with the Assessing Officer's inquiries and stressing the importance of finality in assessments. The decision aligned with a previous ruling by the Coordinate Bench of ITAT Kolkata in a similar case. Case-Laws Income Tax Thu, 01 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=432959