https://www.taxtmi.com/caselaws?id=444404 The appeal was filed by the Revenue challenging the ITAT's decision to quash the Principal CIT's order under Section 263 of the Income Tax Act, 1961. The Tribunal upheld the ITAT's order, stating that the assessing officer had already examined the purchases and commission expenses during assessment proceedings, and the genuineness of the transactions was not disputed by the PCIT. As a result, the appeal was dismissed, affirming the ITAT's decision in favor of the assessee. en-us Mon, 09 Oct 2023 00:00:00 +0530 Thu, 19 Feb 2026 13:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=444404 The appeal was filed by the Revenue challenging the ITAT's decision to quash the Principal CIT's order under Section 263 of the Income Tax Act, 1961. The Tribunal upheld the ITAT's order, stating that the assessing officer had already examined the purchases and commission expenses during assessment proceedings, and the genuineness of the transactions was not disputed by the PCIT. As a result, the appeal was dismissed, affirming the ITAT's decision in favor of the assessee. Case-Laws Income Tax Mon, 09 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=444404