https://www.taxtmi.com/caselaws?id=460517 The Tribunal set aside the Principal Commissioner of Income Tax's (PCIT) revisionary order under Section 263 of the Income Tax Act, 1961, which had sought to revise the assessment order for the assessment year 2014-15. The Tribunal found that the Assessing Officer (AO) conducted adequate inquiries within the limited scrutiny scope, and the assessment order was neither erroneous nor prejudicial to the Revenue. Consequently, the Tribunal restored the original assessment order, emphasizing that the PCIT's intervention was unjustified without clear evidence of error. The appeal by the assessee was allowed. en-us Thu, 14 Oct 2021 00:00:00 +0530 Wed, 29 Jan 2025 19:38:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=460517 The Tribunal set aside the Principal Commissioner of Income Tax's (PCIT) revisionary order under Section 263 of the Income Tax Act, 1961, which had sought to revise the assessment order for the assessment year 2014-15. The Tribunal found that the Assessing Officer (AO) conducted adequate inquiries within the limited scrutiny scope, and the assessment order was neither erroneous nor prejudicial to the Revenue. Consequently, the Tribunal restored the original assessment order, emphasizing that the PCIT's intervention was unjustified without clear evidence of error. The appeal by the assessee was allowed. Case-Laws Income Tax Thu, 14 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=460517