https://www.taxtmi.com/caselaws?id=66431 The Tribunal upheld the Commissioner's order to cancel the assessment for the assessment year 1980-81 under section 263 of the Income-tax Act, 1961. The cancellation was due to jurisdictional issues, lack of proper enquiry, and failure to vet incriminating materials seized during a raid. The Tribunal affirmed the lack of jurisdiction of the assessing officer and the necessity for a thorough enquiry to prevent potential revenue prejudice. The appeal was dismissed, and the assessment was deemed to have no legal effect. en-us Tue, 08 Nov 1983 00:00:00 +0530 Thu, 24 Feb 2011 16:24:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66431 The Tribunal upheld the Commissioner's order to cancel the assessment for the assessment year 1980-81 under section 263 of the Income-tax Act, 1961. The cancellation was due to jurisdictional issues, lack of proper enquiry, and failure to vet incriminating materials seized during a raid. The Tribunal affirmed the lack of jurisdiction of the assessing officer and the necessity for a thorough enquiry to prevent potential revenue prejudice. The appeal was dismissed, and the assessment was deemed to have no legal effect. Case-Laws Income Tax Tue, 08 Nov 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66431