https://www.taxtmi.com/caselaws?id=433364 The Tribunal held that the Principal Commissioner's invocation of Section 263 of the Income-tax Act was unjustified. It found that the Assessing Officer had conducted proper inquiries and made a reasonable decision supported by legal precedents. The Tribunal concluded that the Principal Commissioner's order lacked detailed reasoning and was not a speaking order. Consequently, the appeal of the assessee was allowed, and the revision order issued by the Principal Commissioner was set aside. en-us Thu, 18 Aug 2022 00:00:00 +0530 Sat, 28 Jan 2023 08:25:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=433364 The Tribunal held that the Principal Commissioner's invocation of Section 263 of the Income-tax Act was unjustified. It found that the Assessing Officer had conducted proper inquiries and made a reasonable decision supported by legal precedents. The Tribunal concluded that the Principal Commissioner's order lacked detailed reasoning and was not a speaking order. Consequently, the appeal of the assessee was allowed, and the revision order issued by the Principal Commissioner was set aside. Case-Laws Income Tax Thu, 18 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=433364