https://www.taxtmi.com/caselaws?id=235125 The Tribunal held that the revision order under Section 263 was not sustainable as the Assessing Officer had conducted an inquiry and taken a permissible view. Consequently, the disallowance of Rs. 50 lakh in the assessment order pursuant to the Section 263 order was also not sustainable. Both appeals of the assessee were allowed, and the revision order under Section 263 was set aside. en-us Tue, 30 Apr 2013 00:00:00 +0530 Thu, 16 May 2013 17:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=235125 The Tribunal held that the revision order under Section 263 was not sustainable as the Assessing Officer had conducted an inquiry and taken a permissible view. Consequently, the disallowance of Rs. 50 lakh in the assessment order pursuant to the Section 263 order was also not sustainable. Both appeals of the assessee were allowed, and the revision order under Section 263 was set aside. Case-Laws Income Tax Tue, 30 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=235125