https://www.taxtmi.com/caselaws?id=309717 The Tribunal allowed the appeal, quashing the proceedings under Section 263 of the Income Tax Act, 1961. It held that the assessment order was not erroneous or prejudicial as the Assessing Officer had conducted proper inquiries and verifications. The Tribunal found the Principal Commissioner's action under Section 263 to be unjustified and illegal. en-us Wed, 24 Aug 2022 00:00:00 +0530 Tue, 19 Sep 2023 08:00:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=309717 The Tribunal allowed the appeal, quashing the proceedings under Section 263 of the Income Tax Act, 1961. It held that the assessment order was not erroneous or prejudicial as the Assessing Officer had conducted proper inquiries and verifications. The Tribunal found the Principal Commissioner's action under Section 263 to be unjustified and illegal. Case-Laws Income Tax Wed, 24 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=309717