https://www.taxtmi.com/caselaws?id=312413 The HC dismissed the revenue's appeal against the ITAT's decision for the assessment year 2015-16, which quashed the order under section 263 due to a lack of complete verification of expenses. The Tribunal found that the Assessing Officer had adequately inquired into the expenses under section 143(3) and was satisfied with the details provided. The HC agreed with the Tribunal's factual assessment, determining that the conditions to invoke section 263 were not met, and thus, there was no substantial question of law to consider. The stay application was also dismissed. en-us Mon, 31 Oct 2022 00:00:00 +0530 Thu, 15 Feb 2024 19:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=312413 The HC dismissed the revenue's appeal against the ITAT's decision for the assessment year 2015-16, which quashed the order under section 263 due to a lack of complete verification of expenses. The Tribunal found that the Assessing Officer had adequately inquired into the expenses under section 143(3) and was satisfied with the details provided. The HC agreed with the Tribunal's factual assessment, determining that the conditions to invoke section 263 were not met, and thus, there was no substantial question of law to consider. The stay application was also dismissed. Case-Laws Income Tax Mon, 31 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=312413