https://www.taxtmi.com/caselaws?id=64485 The Tribunal quashed the orders passed by the CIT under Section 263, concluding that the assessments completed under Section 143(1) were not erroneous or prejudicial to the interest of revenue. The Tribunal emphasized that the AO followed executive instructions, and the relevant facts were disclosed by the assessee. The Tribunal also highlighted that the revisionary powers under Section 263 cannot be invoked merely to direct the AO to reframe an already completed assessment by making fishing inquiries. The appeals were allowed. en-us Fri, 29 May 1992 00:00:00 +0530 Tue, 08 Feb 2011 11:23:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64485 The Tribunal quashed the orders passed by the CIT under Section 263, concluding that the assessments completed under Section 143(1) were not erroneous or prejudicial to the interest of revenue. The Tribunal emphasized that the AO followed executive instructions, and the relevant facts were disclosed by the assessee. The Tribunal also highlighted that the revisionary powers under Section 263 cannot be invoked merely to direct the AO to reframe an already completed assessment by making fishing inquiries. The appeals were allowed. Case-Laws Income Tax Fri, 29 May 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64485