https://www.taxtmi.com/caselaws?id=238419 The Tribunal upheld the Commissioner of Income Tax's decision to invoke Section 263 of the Income Tax Act, 1961, finding the Assessing Officer's failure to adequately inquire into the disallowance under Section 14A as erroneous and prejudicial to revenue interests. The Tribunal affirmed the revision of the assessment order, emphasizing that orders passed without proper inquiry can be revised under Section 263. The appeal was dismissed, supporting the Commissioner's actions to protect revenue interests by revising the assessment order. en-us Fri, 27 Sep 2013 00:00:00 +0530 Mon, 21 Oct 2013 06:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=238419 The Tribunal upheld the Commissioner of Income Tax's decision to invoke Section 263 of the Income Tax Act, 1961, finding the Assessing Officer's failure to adequately inquire into the disallowance under Section 14A as erroneous and prejudicial to revenue interests. The Tribunal affirmed the revision of the assessment order, emphasizing that orders passed without proper inquiry can be revised under Section 263. The appeal was dismissed, supporting the Commissioner's actions to protect revenue interests by revising the assessment order. Case-Laws Income Tax Fri, 27 Sep 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=238419