https://www.taxtmi.com/caselaws?id=456546 The HC dismissed the appeal under Sec. 260-A, upholding the ITAT's decision to quash the PCIT's order under Sec. 263. The Tribunal found the revision unjustified, as it was based on presumptions without concrete evidence of undisclosed investments. The court emphasized adherence to legal principles and the necessity of substantial proof in tax assessments. en-us Sat, 02 Sep 2023 00:00:00 +0530 Wed, 31 Jul 2024 20:21:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=456546 The HC dismissed the appeal under Sec. 260-A, upholding the ITAT's decision to quash the PCIT's order under Sec. 263. The Tribunal found the revision unjustified, as it was based on presumptions without concrete evidence of undisclosed investments. The court emphasized adherence to legal principles and the necessity of substantial proof in tax assessments. Case-Laws Income Tax Sat, 02 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=456546