https://www.taxtmi.com/caselaws?id=63691 The Tribunal upheld the CIT's decision to cancel the assessment orders for the years 1981-82, 1982-83, and 1983-84 under Section 263 of the IT Act, 1961. The assessments were considered erroneous and prejudicial to the Revenue as the ITO failed to conduct proper and relevant enquiries, completed the assessments hastily within nine days, did not examine the genuineness of the trust and its beneficiaries, and did not provide a speaking order as required. The Tribunal dismissed the appeals, directing the ITO to proceed afresh with the trust's returns due to the flawed assessment process. en-us Mon, 13 Jun 1988 00:00:00 +0530 Tue, 01 Feb 2011 13:27:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63691 The Tribunal upheld the CIT's decision to cancel the assessment orders for the years 1981-82, 1982-83, and 1983-84 under Section 263 of the IT Act, 1961. The assessments were considered erroneous and prejudicial to the Revenue as the ITO failed to conduct proper and relevant enquiries, completed the assessments hastily within nine days, did not examine the genuineness of the trust and its beneficiaries, and did not provide a speaking order as required. The Tribunal dismissed the appeals, directing the ITO to proceed afresh with the trust's returns due to the flawed assessment process. Case-Laws Income Tax Mon, 13 Jun 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63691