https://www.taxtmi.com/caselaws?id=442985 The Tribunal quashed the Principal Commissioner of Income Tax's order under section 263, finding that the Assessing Officer had adequately examined the relevant details during reassessment proceedings. The Tribunal held that the assumption of jurisdiction under section 263 was unwarranted as the AO had considered the issues. Consequently, the appeal of the assessee was allowed, and the PCIT's order was deemed unsustainable. en-us Mon, 11 Sep 2023 00:00:00 +0530 Wed, 13 Sep 2023 11:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=442985 The Tribunal quashed the Principal Commissioner of Income Tax's order under section 263, finding that the Assessing Officer had adequately examined the relevant details during reassessment proceedings. The Tribunal held that the assumption of jurisdiction under section 263 was unwarranted as the AO had considered the issues. Consequently, the appeal of the assessee was allowed, and the PCIT's order was deemed unsustainable. Case-Laws Income Tax Mon, 11 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=442985