https://www.taxtmi.com/caselaws?id=311178 The Calcutta HC dismissed the revenue's appeal under Section 260A of the Income Tax Act concerning the assessment year 2012-13. The appeal challenged the ITAT's decision to quash an order under Section 263, which was considered erroneous and prejudicial to the revenue. The HC found no substantial question of law, agreeing with the Tribunal's assessment that the initial inquiry by the assessing officer was adequate. The court upheld the Tribunal's decision, favoring the assessee, and dismissed the appeal along with the connected application for stay. en-us Thu, 10 Nov 2022 00:00:00 +0530 Mon, 11 Dec 2023 19:45:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=311178 The Calcutta HC dismissed the revenue's appeal under Section 260A of the Income Tax Act concerning the assessment year 2012-13. The appeal challenged the ITAT's decision to quash an order under Section 263, which was considered erroneous and prejudicial to the revenue. The HC found no substantial question of law, agreeing with the Tribunal's assessment that the initial inquiry by the assessing officer was adequate. The court upheld the Tribunal's decision, favoring the assessee, and dismissed the appeal along with the connected application for stay. Case-Laws Income Tax Thu, 10 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=311178