https://www.taxtmi.com/caselaws?id=234651 The Tribunal upheld the revision order under section 263, emphasizing the importance of the assessing officer conducting thorough inquiries on critical issues. The decision highlighted the necessity of passing reasoned orders in quasi-judicial proceedings and the implications of failing to address key issues in the assessment order. The Tribunal found no infirmity in the revision order, concluding that the issues highlighted by the Ld. CIT could impact tax computation and render the assessment order prejudicial to the revenue's interests. The appeal filed by the assessee was dismissed. en-us Fri, 24 May 2013 00:00:00 +0530 Fri, 21 Jun 2013 15:41:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=234651 The Tribunal upheld the revision order under section 263, emphasizing the importance of the assessing officer conducting thorough inquiries on critical issues. The decision highlighted the necessity of passing reasoned orders in quasi-judicial proceedings and the implications of failing to address key issues in the assessment order. The Tribunal found no infirmity in the revision order, concluding that the issues highlighted by the Ld. CIT could impact tax computation and render the assessment order prejudicial to the revenue's interests. The appeal filed by the assessee was dismissed. Case-Laws Income Tax Fri, 24 May 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=234651