https://www.taxtmi.com/caselaws?id=435167 The Tribunal reversed the order of the PCIT, reinstating the original assessment order. It concluded that the AO had conducted proper enquiries and verifications regarding the valuation of share premium and the treatment of interest income. The Tribunal determined that the assessment order was neither erroneous nor prejudicial to the interest of the Revenue. Consequently, the appeal filed by the Assessee was allowed. en-us Fri, 24 Feb 2023 00:00:00 +0530 Fri, 10 Apr 2026 18:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=435167 The Tribunal reversed the order of the PCIT, reinstating the original assessment order. It concluded that the AO had conducted proper enquiries and verifications regarding the valuation of share premium and the treatment of interest income. The Tribunal determined that the assessment order was neither erroneous nor prejudicial to the interest of the Revenue. Consequently, the appeal filed by the Assessee was allowed. Case-Laws Income Tax Fri, 24 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=435167