https://www.taxtmi.com/caselaws?id=433990 The Tribunal set aside the Principal Commissioner of Income-tax's order under section 263, ruling in favor of the assessee. The Tribunal found the PCIT's order to be baseless as the Assessing Officer's inquiry was comprehensive, without errors, and not prejudicial to revenue. Emphasizing the need for finality in legal proceedings, the Tribunal rejected the PCIT's action as a purposeless roving enquiry. The decision was pronounced in favor of the assessee on 23rd December 2022. en-us Fri, 23 Dec 2022 00:00:00 +0530 Wed, 15 Feb 2023 08:53:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=433990 The Tribunal set aside the Principal Commissioner of Income-tax's order under section 263, ruling in favor of the assessee. The Tribunal found the PCIT's order to be baseless as the Assessing Officer's inquiry was comprehensive, without errors, and not prejudicial to revenue. Emphasizing the need for finality in legal proceedings, the Tribunal rejected the PCIT's action as a purposeless roving enquiry. The decision was pronounced in favor of the assessee on 23rd December 2022. Case-Laws Income Tax Fri, 23 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=433990