ITAT Jodhpur Judgments — October 2021

The Tribunal held that the Assessing Officer had made all necessary inquiries and verifications as expected of a prudent officer. The PCIT did not specify what further inquiries were needed, thus the AO's order was not erroneous or prejudicial to revenue.

The Tribunal held that the Assessing Officer had made all necessary inquiries and verifications as expected of a prudent officer. The PCIT failed to specify what further inquiries were needed, thus the AO's order could not be deemed erroneous and prejudicial to revenue.

The Tribunal held that the AO had made all necessary inquiries and verifications expected of a prudent officer. The PCIT failed to specify what further inquiries were needed, thus the AO's order was not erroneous. Consequently, the PCIT's order under Section 263 was quashed.