https://www.taxtmi.com/caselaws?id=216521 The Tribunal upheld the Commissioner's order under Section 263, affirming that the AO's failure to make necessary inquiries rendered the assessment order erroneous and prejudicial to the interest of the revenue. The Tribunal also confirmed that the revision order was within the limitation period. As a result, the appeal filed by the assessee was dismissed. en-us Tue, 31 Jul 2012 00:00:00 +0530 Wed, 12 Sep 2012 15:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=216521 The Tribunal upheld the Commissioner's order under Section 263, affirming that the AO's failure to make necessary inquiries rendered the assessment order erroneous and prejudicial to the interest of the revenue. The Tribunal also confirmed that the revision order was within the limitation period. As a result, the appeal filed by the assessee was dismissed. Case-Laws Income Tax Tue, 31 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=216521