https://www.taxtmi.com/caselaws?id=151981 The Tribunal concluded that the Commissioner of Income-tax's invocation of section 263 was not justified, as the original assessment order was based on proper inquiries and verification, despite being brief. The Tribunal found no error or prejudice to the Revenue's interests. The decision was based on factual evidence, and a referable question of law did not arise. The reference application by the Revenue was dismissed, affirming the Tribunal's decision to cancel the Commissioner's order under section 263. en-us Wed, 18 Feb 1998 00:00:00 +0530 Thu, 20 Jun 2013 16:29:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=151981 The Tribunal concluded that the Commissioner of Income-tax's invocation of section 263 was not justified, as the original assessment order was based on proper inquiries and verification, despite being brief. The Tribunal found no error or prejudice to the Revenue's interests. The decision was based on factual evidence, and a referable question of law did not arise. The reference application by the Revenue was dismissed, affirming the Tribunal's decision to cancel the Commissioner's order under section 263. Case-Laws Income Tax Wed, 18 Feb 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=151981