https://www.taxtmi.com/caselaws?id=210334 An assessment order is liable to revision where the Assessing Officer has not properly examined a material issue affecting taxable income. The text explains that fleet hire payments to other truck owners required meaningful enquiry on the applicability of tax deduction at source under section 194C and the resulting disallowance under section 40(a)(ia); the absence of such enquiry justified revision under section 263. It also notes that the computation of disallowance for diesel, repairs, spare parts and driver salary remained open for verification in fresh assessment proceedings. The revisional order directing reconsideration was therefore sustained. en-us Wed, 15 Jun 2011 00:00:00 +0530 Wed, 08 Feb 2012 18:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=210334 An assessment order is liable to revision where the Assessing Officer has not properly examined a material issue affecting taxable income. The text explains that fleet hire payments to other truck owners required meaningful enquiry on the applicability of tax deduction at source under section 194C and the resulting disallowance under section 40(a)(ia); the absence of such enquiry justified revision under section 263. It also notes that the computation of disallowance for diesel, repairs, spare parts and driver salary remained open for verification in fresh assessment proceedings. The revisional order directing reconsideration was therefore sustained. Case-Laws Income Tax Wed, 15 Jun 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=210334