https://www.taxtmi.com/caselaws?id=238246 The Tribunal upheld the Ld. CIT's revision order under sec. 263, emphasizing the importance of proper reasoning in assessment orders. The appellant's challenge to the revision order passed by the Ld. CIT u/s. 263 for the assessment year 2008-09 was dismissed on 11-10-2013. The dispute stemmed from the assessee altering the method of claiming advertisement expenses, impacting the preceding year's loss and subsequent years' income. The failure of the Assessing Officer to address this issue led to the revision proceedings, ultimately resulting in the setting aside of the assessment order and a direction for reassessment. en-us Fri, 11 Oct 2013 00:00:00 +0530 Fri, 18 Oct 2013 22:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=238246 The Tribunal upheld the Ld. CIT's revision order under sec. 263, emphasizing the importance of proper reasoning in assessment orders. The appellant's challenge to the revision order passed by the Ld. CIT u/s. 263 for the assessment year 2008-09 was dismissed on 11-10-2013. The dispute stemmed from the assessee altering the method of claiming advertisement expenses, impacting the preceding year's loss and subsequent years' income. The failure of the Assessing Officer to address this issue led to the revision proceedings, ultimately resulting in the setting aside of the assessment order and a direction for reassessment. Case-Laws Income Tax Fri, 11 Oct 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=238246