https://www.taxtmi.com/caselaws?id=464150 HC upheld the Tribunal's decision quashing the Principal CIT's revision under section 263. The Tribunal found the AO had applied mind, obtained a lower withholding tax certificate from the payee and deducted tax accordingly, so the Principal CIT's view that the AO's estimate was inadequate did not render the assessment order erroneous and prejudicial to revenue. The facts did not amount to lack of inquiry or a legally implausible view by the AO. HC concurred that the Tribunal committed no error, refused interference and found no substantial question of law. en-us Tue, 19 Dec 2023 00:00:00 +0530 Tue, 07 Oct 2025 22:03:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=464150 HC upheld the Tribunal's decision quashing the Principal CIT's revision under section 263. The Tribunal found the AO had applied mind, obtained a lower withholding tax certificate from the payee and deducted tax accordingly, so the Principal CIT's view that the AO's estimate was inadequate did not render the assessment order erroneous and prejudicial to revenue. The facts did not amount to lack of inquiry or a legally implausible view by the AO. HC concurred that the Tribunal committed no error, refused interference and found no substantial question of law. Case-Laws Income Tax Tue, 19 Dec 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=464150