https://www.taxtmi.com/caselaws?id=67283 The Appellate Tribunal ITAT Jabalpur allowed the appeals by a partnership firm against the Addl. CIT's orders under section 263 of the IT Act, deeming them erroneous and prejudicial to Revenue's interest. The Addl. CIT's decision was based on suspicion without substantial evidence, primarily concerning the genuineness of the registration application and partnership deed filing. The Tribunal found the Addl. CIT lacked valid grounds to set aside the ITO's orders and emphasized the necessity of concrete evidence for invoking revisional powers. Consequently, the Tribunal reversed the Addl. CIT's orders, restoring registration to the appellant firm for all assessment years. en-us Thu, 28 Feb 1974 00:00:00 +0530 Wed, 09 Mar 2011 18:32:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67283 The Appellate Tribunal ITAT Jabalpur allowed the appeals by a partnership firm against the Addl. CIT's orders under section 263 of the IT Act, deeming them erroneous and prejudicial to Revenue's interest. The Addl. CIT's decision was based on suspicion without substantial evidence, primarily concerning the genuineness of the registration application and partnership deed filing. The Tribunal found the Addl. CIT lacked valid grounds to set aside the ITO's orders and emphasized the necessity of concrete evidence for invoking revisional powers. Consequently, the Tribunal reversed the Addl. CIT's orders, restoring registration to the appellant firm for all assessment years. Case-Laws Income Tax Thu, 28 Feb 1974 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67283