https://www.taxtmi.com/caselaws?id=310053 The Tribunal found that the Principal CIT wrongly assumed jurisdiction under Section 263 in challenging the AO's assessment order. It concluded that the AO had conducted sufficient inquiries and applied his mind to the transactions, leading to the restoration of the original assessment order and allowing the appeal of the assessee. en-us Wed, 20 Apr 2016 00:00:00 +0530 Wed, 04 Oct 2023 20:59:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=310053 The Tribunal found that the Principal CIT wrongly assumed jurisdiction under Section 263 in challenging the AO's assessment order. It concluded that the AO had conducted sufficient inquiries and applied his mind to the transactions, leading to the restoration of the original assessment order and allowing the appeal of the assessee. Case-Laws Income Tax Wed, 20 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=310053