https://www.taxtmi.com/caselaws?id=202385 HC upheld the Appellate Tribunal's cancellation of the CIT's exercise of power under s.263, finding the Assessing Officers had made adequate, detailed enquiries, collected and examined relevant material and discussed matters with the taxpayer before framing assessments. The Court held the Commissioner's criticism was subjective, factually incorrect in parts, and amounted merely to a wish for deeper probing rather than pointing out any legal error prejudicial to revenue. Consequently, the s.263 direction for fresh assessments was unwarranted and the Tribunal's reversal of the CIT's order was affirmed. en-us Tue, 21 Sep 2010 00:00:00 +0530 Wed, 27 Aug 2025 10:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=202385 HC upheld the Appellate Tribunal's cancellation of the CIT's exercise of power under s.263, finding the Assessing Officers had made adequate, detailed enquiries, collected and examined relevant material and discussed matters with the taxpayer before framing assessments. The Court held the Commissioner's criticism was subjective, factually incorrect in parts, and amounted merely to a wish for deeper probing rather than pointing out any legal error prejudicial to revenue. Consequently, the s.263 direction for fresh assessments was unwarranted and the Tribunal's reversal of the CIT's order was affirmed. Case-Laws Income Tax Tue, 21 Sep 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=202385