https://www.taxtmi.com/caselaws?id=433110 The Tribunal allowed the appeal, holding that the Principal Commissioner of Income Tax's decision to cancel the assessment order and direct a reassessment under section 263 of the Income Tax Act was erroneous. The original assessment order for Assessment Year 2011-12 was upheld, finding that the Assessing Officer had properly examined the case despite time constraints, and the PCIT's intervention was unjustified. The Tribunal ruled in favor of the assessee on 19th January 2023. en-us Thu, 19 Jan 2023 00:00:00 +0530 Sat, 21 Jan 2023 08:51:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=433110 The Tribunal allowed the appeal, holding that the Principal Commissioner of Income Tax's decision to cancel the assessment order and direct a reassessment under section 263 of the Income Tax Act was erroneous. The original assessment order for Assessment Year 2011-12 was upheld, finding that the Assessing Officer had properly examined the case despite time constraints, and the PCIT's intervention was unjustified. The Tribunal ruled in favor of the assessee on 19th January 2023. Case-Laws Income Tax Thu, 19 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=433110