https://www.taxtmi.com/caselaws?id=66939 The Appellate Tribunal ITAT Indore considered a challenge by the assessee against an order under section 263 by the Commissioner of Income-tax, Ujjain. The Commissioner found discrepancies in the assessee's records related to sales and net profit estimation, directing a fresh assessment order under section 143(3)/144. The Tribunal held that while section 143(1) intimation could be revised under section 263, in this case, it was not erroneous due to timing constraints on adjustments. It emphasized the Assessing Officer's discretion in scrutiny and quashed the Commissioner's order, highlighting procedural and substantive law compliance in tax assessments. en-us Fri, 07 Feb 2003 00:00:00 +0530 Tue, 08 Mar 2011 12:25:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66939 The Appellate Tribunal ITAT Indore considered a challenge by the assessee against an order under section 263 by the Commissioner of Income-tax, Ujjain. The Commissioner found discrepancies in the assessee's records related to sales and net profit estimation, directing a fresh assessment order under section 143(3)/144. The Tribunal held that while section 143(1) intimation could be revised under section 263, in this case, it was not erroneous due to timing constraints on adjustments. It emphasized the Assessing Officer's discretion in scrutiny and quashed the Commissioner's order, highlighting procedural and substantive law compliance in tax assessments. Case-Laws Income Tax Fri, 07 Feb 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66939