https://www.taxtmi.com/caselaws?id=307196 The Tribunal found that the Principal Commissioner of Income Tax erred in assuming jurisdiction under Section 263 of the Income Tax Act, 1961, as the Assessing Officer had conducted adequate enquiries. The Tribunal held that the order passed under Section 263 was not justified, quashed it, and allowed the appeal filed by the assessee. Additionally, the Tribunal condoned the delay in filing the appeal due to the genuine reasons presented by the assessee. en-us Wed, 24 Aug 2022 00:00:00 +0530 Fri, 24 Mar 2023 19:37:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=307196 The Tribunal found that the Principal Commissioner of Income Tax erred in assuming jurisdiction under Section 263 of the Income Tax Act, 1961, as the Assessing Officer had conducted adequate enquiries. The Tribunal held that the order passed under Section 263 was not justified, quashed it, and allowed the appeal filed by the assessee. Additionally, the Tribunal condoned the delay in filing the appeal due to the genuine reasons presented by the assessee. Case-Laws Income Tax Wed, 24 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=307196