CIT's powers u/s 263 limited; can't revise A.O.'s decision if based on a reasonable interpretation. https://www.taxtmi.com/highlights?id=14133 Revision - Jurisdiction of CIT u/s 263 - the argument of lack of enquiry or inadequate enquiry cannot be employed where the A.O. has taken one of the possible views, showing his application of mind on the issue - AT en-us Tue, 27 Aug 2013 08:54:00 +0530 Tue, 27 Aug 2013 08:54:00 +0530 TaxTMI RSS Generator CIT's powers u/s 263 limited; can't revise A.O.'s decision if based on a reasonable interpretation. https://www.taxtmi.com/highlights?id=14133 Revision - Jurisdiction of CIT u/s 263 - the argument of lack of enquiry or inadequate enquiry cannot be employed where the A.O. has taken one of the possible views, showing his application of mind on the issue - AT Highlights Income Tax Tue, 27 Aug 2013 08:54:00 +0530 https://www.taxtmi.com/highlights?id=14133