https://www.taxtmi.com/caselaws?id=208742 The High Court ruled in favor of the Revenue in an appeal against the Income Tax Appellate Tribunal's order, emphasizing the need for the Assessing Officer to re-examine issues raised by the Commissioner under Section 263 of the Income Tax Act. The Court highlighted the importance of proper inquiries and investigations, particularly regarding advertisement expenses, publicity expenses, and fresh loans. The Tribunal's decision to set aside the Commissioner's order was overturned, and the Assessing Officer was directed to conduct a thorough examination before making any additions to the assessment. en-us Thu, 05 Jan 2012 00:00:00 +0530 Mon, 23 Jan 2012 12:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=208742 The High Court ruled in favor of the Revenue in an appeal against the Income Tax Appellate Tribunal's order, emphasizing the need for the Assessing Officer to re-examine issues raised by the Commissioner under Section 263 of the Income Tax Act. The Court highlighted the importance of proper inquiries and investigations, particularly regarding advertisement expenses, publicity expenses, and fresh loans. The Tribunal's decision to set aside the Commissioner's order was overturned, and the Assessing Officer was directed to conduct a thorough examination before making any additions to the assessment. Case-Laws Income Tax Thu, 05 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=208742